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On September 1, 2012, Tan Party Supplies Purchased Catering Equipment

Question 83

Multiple Choice

On September 1, 2012, Tan Party Supplies purchased catering equipment for $4,680. The equipment is estimated to have a useful life of 8 years and no salvage value. If Tan selected the sum-of-the-years'-digits method, what will be the depreciation expense for 2012?


A) $1,040
B) $347
C) $260
D) $130

Correct Answer:

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