Louisville Farms, a breeder of racehorses, paid $432,000 cash for a prize-winning stallion on 1 January 2007. The stallion is depreciated on a straight-line basis, with depreciation for partial years rounded to the nearest month. Estimated useful life was nine years, with no residual value. After owning the animal for six years and five months, Louisville Farms sold the stallion on 31 May 2013, for cash of $85,000. Depreciation had last been recorded on 31 December, 2012.
-Compute to the nearest full month depreciation for the fractional period from 1 January 2013 to 31 May of 2013. $______________

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The Answer of  Louisville Farms, a breeder of racehorses, paid $432,000 cash for a prize-winning stallion on 1 January 2007. The stallion is depreciated on a straight-line basis, with depreciation for partial years rounded to the nearest month. Estimated useful life was nine years, with no residual value. After owning the animal for six years and five months, Louisville Farms sold the stallion on 31 May 2013, for cash of $85,000. Depreciation had last been recorded on 31 December, 2012.
-Compute to the nearest full month depreciation for the fractional period from 1 January 2013 to 31 May of 2013. $______________

Louisville Farms, a Breeder of Racehorses, Paid $432,000 Cash for a Prize-Winning