Author Question: Daniel's end-of-period spreadsheet at the end of July has 4,950 in the Balance Sheet Credit column ... (Read 56 times)

mckennatimberlake · **on:** Jul 5, 2018

Daniel's end-of-period spreadsheet at the end of July has 4,950 in the Balance Sheet Credit column for Accumulated Depreciation. The end-of-period spreadsheet at the end of August has 7,600 in the Balance Sheet Credit column for Accumulated Depreciation. What was the amount of the depreciation expense adjustment for the month of August?
a. 12,550
b. 7,600
c. 4,950
d. 2,650

Question 2

Sensitivity analysis is a useful tool that helps managers evaluate risks.

Indicate whether this statement is true or false.