Use the Information Below for Flora Inc During 2017, Flora Inc

question 152

Multiple Choice

Use the information below for Flora Inc.for 2016 and 2017 to answer the following question. $$\begin{array} { l r } \text { Equipment, December 31,2016 } & \$ 65,000 \\\text { Equipment, December } 31,2017 & 72,000 \\\text { Accumulated depreciation, December 31,2016 } & 39,000 \\\text { Accumulated depreciation, December 31,2017 } & 30,000\end{array}$$ During 2017, 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 2017?

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

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Definitions:

Cyclothymic Disorder

A mood disorder characterized by fluctuating low-level depressive and hypomanic episodes.

Bipolar Disorder

Characterized as a mental disorder, it involves drastic mood variances, including high (mania or hypomania) and low (depression) emotional phases.

Bipolar Disorder

This disorder entails a notable divergence in emotional state, veering between euphoria or elevated mood (mania or hypomania) and profound sadness (depression).

Peak Age

The age at which an individual reaches their highest level of ability or performance in a particular field or physical capacity.