During the year,Garbin Corporation (a calendar-year corporation that manufactures furniture)purchased the following assets: In computing depreciation of these assets,which of the following averaging conventions will be used?
A)Half-year and mid-month
B)Mid-quarter and mid-month
C)Half-year,mid-quarter,and mid-month
D)Mid-quarter only

Question

During the year,Garbin Corporation (a calendar-year corporation that manufactures furniture)purchased the following assets:  In computing depreciation of these assets,which of the following averaging conventions will be used?
A)Half-year and mid-month 
B)Mid-quarter and mid-month 
C)Half-year,mid-quarter,and mid-month 
D)Mid-quarter only

Quizplus · Accepted Answer

The Answer of During the year,Garbin Corporation (a calendar-year corporation that manufactures furniture)purchased the following assets:  In computing depreciation of these assets,which of the following averaging conventions will be used?
A)Half-year and mid-month 
B)Mid-quarter and mid-month 
C)Half-year,mid-quarter,and mid-month 
D)Mid-quarter only

During the Year,Garbin Corporation (A Calendar-Year Corporation That Manufactures Furniture)purchased