Accumulated Depreciation

Kertis, Inc. reported Net fixed assets as follows on its Balance sheets for December 31, 2007 and December 31, 2008:

2007 2008

Net fixed assets 200,000 250,000

On it 2008 Income statement, Kertis recorded depreciation expense of $23,000.

Assume that Kertis had Accumulated depreciation in 2007 of $159,50…

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