Vanderet's Computer Business Owns Computer Equipment Which Cost $3,240 and Has

question 153

Multiple Choice

Vanderet's Computer Business owns computer equipment which cost $3,240 and has an expected useful life of three years. No residual value is expected. At the company's year end, December 31, the equipment's book value is $2,520. In what month was thecomputer purchased using the straight-line depreciation method?

• A)August
• B)January
• C)March
• D)June
• E)M ay