Final answer:
The total amount of expenses incurred by Clem and Wanda for their garage is the sum of their utilities and depreciation expenses, which totals to $2,495. This figure does not have any cents, so all answer choices representing $2,495 are correct.
"The correct option is approximately option A"
Step-by-step explanation:
To calculate the total amount of expenses incurred by Clem and Wanda for their garage, you need to sum up all the individual expenses. In this case, the total expenses comprise two parts: the utilities and the depreciation. So you start by adding these two components together:
Utilities Expense: $1,590
Depreciation Expense: $905
The calculation will be:
Total Expenses = Utilities Expense + Depreciation Expense
Total Expenses = $1,590 + $905
When you add both figures:
Total Expenses = $2,495
Therefore, the total amount of expenses incurred by Clem and Wanda is $2,495. Given the answer choices, any version of $2,495 is correct—whether it has decimals or not—as the actual figure does not have any cents. Hence, options 1), 2), 3), and 4) are essentially the same financial figure.