If a piece of equipment was purchased on September 1, it would have ________ months depreciation included in the adjusting entry for the calendar year.
A)12
B) 8
C) 4
D) 6

Question

Quizplus · Accepted Answer

Since the equipment was purchased on September 1 and the calendar year ends on December 31, there are 4 months (September, October, November, December) left in the year for depreciation to be accounted for.

If a Piece of Equipment Was Purchased on September 1