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Title: Zoe Dental Implements has gross property, plant and equipment totaling $1.4 million, depreciation ... Post by: Memphic on Nov 18, 2017 Zoe Dental Implements has gross property, plant and equipment totaling $1.4 million, depreciation expense this year of $200,000, and accumulated depreciation last year of $550,000. What is Zoe's net property, plant and equipment?
A) $1.4 million B) $1.2 million C) $550,000 D) $650,000 Title: Re: Zoe Dental Implements has gross property, plant and equipment totaling $1.4 million, ... Post by: anicid on Nov 18, 2017 D
Explanation: D) Ending Accumulated Depreciation = $550,000 + $200,000 = $750,000. Net PP&E = $1,400,000 - $750,000 = $650,000 |