Answer:
=$ 30,000.00
Explanation:
Retained earning represents profits that have not been distributed to shareholders.
Opening balance $ 25,000.00
Less previous depreciation $<u> 5,000.00</u>
Actual balance $ 20,000.00
for the current year: Net income $ 15,000.00
less depreciation <u>$ 5,000.00</u>
$ 10,000.00
Balance at the end of year = $ 20,000.00 +$10,000.00
=$ 30,000.00