Hank's Tax Planning Service bought computer equipment for $19,200 on January 1,2012.It has an estimated useful life of 4 years.Hank records depreciation monthly.As of September 30,2012,Hank has recorded total depreciation expense for this equipment of:
A) $2,400.
B) $3,600.
C) $400.
D) $14,400.

Question

Quizplus · Accepted Answer

B) Calculations: $19,200/48 = $400 × 9 = $3,600

Hank's Tax Planning Service Bought Computer Equipment for $19,200 on January