Darting Company Purchased Equipment for $9,000 on January 1, 2022

question 226

Multiple Choice

Darting Company purchased equipment for $9,000 on January 1, 2022.The company expects to use the equipment for 3 years.It has no salvage value.Monthly depreciation expense on the asset is:

• A)$0.
• B)$250.
• C)$3,000.
• D)$9,000.

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Definitions:

Summary Judgment

A legal judgment made by a court without a full trial, based on the presented facts where there is no dispute.

Motion To Dismiss

A legal filing requesting that a court dismiss a case for reasons such as lack of jurisdiction, failure to state a claim, or other legal defenses.

Relevant

Pertains to the matter at hand, having significant and demonstrable bearing on the facts or issues.

Probability

A measure of the likelihood or chance that a particular event will occur, often expressed as a number between 0 and 1, where 0 indicates impossibility and 1 indicates certainty.