Peach Corp

question 11

Multiple Choice

Peach Corp.has estimated that total depreciation expense for the 2017 calendar year will be $60,000, and that 2017 year-end bonuses to employees will be $120,000.In Peach's interim income statement for the six months ended June 30, 2017, what total expense relating to these two items should be reported?

• A)$0
• B)$30,000
• C)$90,000
• D)$180,000

---

Definitions:

Dispose of Cars

The process of discarding or recycling vehicles that are no longer functional or needed.

Total Costs

The aggregate of all expenses incurred by a business in the production of goods or services, including fixed and variable costs.

Average Variable Costs

The total variable costs of production divided by the quantity of output produced, reflecting the cost of producing each additional unit.

Repairs

The process of fixing or restoring a broken, damaged, or worn-out object to its original condition or to a state of functionality.