The balance sheets of Tully Corp. showed the following at
December 31, 2017, and 2016:
December 31, 2017 December 31, 2016
Equipment, less accumulated depreciation of $97,600 at
December 31, 2017, and $61,000 at December 31, 2016. $ 71,200 $
107,800
Required:
a. If there have not been any purchases, sales, or other
transactions affecting this equipment account since the equipment
was first acquired, what is the amount of depreciation expense for
2017?
