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