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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