A company purchased new computers at a cost of $14,000 on September 30.The computers are estimated to have a useful life of 4 years and a salvage value of $2,000.The company uses the straight-line method of depreciation.How much depreciation expense will be recorded for the computers for the first year ended December 31?
A)$250
B)$750
C)$875
D)$1,000
E)$3,000

Question

Quizplus · Accepted Answer

$14,000 - $2,000 = $12,000/48 = $250 * 3 = $750

A Company Purchased New Computers at a Cost of $14,000