Use the Information Below for Flora Inc

question 126

Multiple Choice

Use the information below for Flora Inc.for 2015 and 2016 to answer the following question. During 2016, Flora Inc.sold equipment with a cost of $30,000 and accumulated depreciation of $25,000.A gain of $3,000 was recognized on the sale of the equipment This was the only equipment sale during the year.
What was depreciation expense for 2016?

• A)$ 9,000
• B)$16,000
• C)$21,000
• D)$30,000

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Definitions:

Increased Electrical Activity

A situation or condition where there is a rise in the electrical signals in a system, such as the neural activity in the brain or electrical systems.

Julio's Amygdala

A personalized reference to the amygdala, a region of the brain involved in processing emotions, which is responsible for detecting fear and preparing for emergency events.

Right Hemisphere

The half of the brain that controls the left side of the body, often associated with creativity, spatial ability, and visual imagery.

Left Hemisphere

The left side of the human brain, typically responsible for controlling the right side of the body and involved in logical reasoning, detailed analysis, and language processing.