Question

How much total depreciation and amortization expense did Patnode record during 2015?

a. $10,000
b. $6,000
c. $3,000
d. $5,000

Answer 1

d. $5,000

Step-by-step explanation:

Patnode's information is missing, so I looked it up. I found the balance sheet for 2014 and 2015. Hope that it is the same question:

total depreciation expense for 2015 = change in accumulated depreciation (2015 - 2014) + change in accumulated amortization (2015 - 2014) = ($3,000 - $0) + ($3,000 - $1,000) = $3,000 + $2,000 = $5,000