During 2017, Thomas Windows Completed the Following Transactions

question 107

Multiple Choice

During 2017, Thomas Windows completed the following transactions:
-Purchased equipment for $41,000 cash that will be depreciated over a 10-year life
-Sold equipment that had an original cost of $46,000 and accumulated depreciation of $43,000 for $7,000 cash
The January 1, 2017 balance in the accumulated depreciation account was $134,000 and the December 31, 2017 balance was $145,000.How much depreciation expense will Thomas Windows report on the company's 2017 statement of cash flows if the indirect method is used?

• A)$32,000
• B)$54,000
• C)$14,000
• D)$57,000

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Definitions:

Body Temperature

The measure of the body's ability to generate and get rid of heat, essential for the proper function of enzymes and bodily processes.

Boiling

The rapid vaporization of a liquid when it is heated to its boiling point, the temperature at which it changes phase from liquid to gas.

Fahrenheit

A scale for measuring temperature where 32°F is the point at which water freezes and 212°F is the point at which it boils under normal atmospheric pressure.

Hypothalamus

A region of the brain that controls an enormous number of bodily functions including emotions, the autonomic nervous system, and the endocrine system.