Hank's Tax Planning Service has the following plant assets: Communications equipment: Cost,$4,800; useful life 8 years
Furniture: Cost,$15,840; useful life 12 years
Computer equipment: Cost,$10,080; useful life 4 years
-
Hank's monthly depreciation expense is:
A) $2,560.
B) $4,440.
C) $210.
D) $370.

Question

Quizplus · Accepted Answer

D) Calculations: $4,800/96 = $50
$15,840/144 = $110
$10,080/48 = $210
$50 + $110 + $210 = $370

Hank's Tax Planning Service Has the Following Plant Assets: Communications