Deacon Company Purchased Equipment Last Year for $30,000

question 209

Multiple Choice

Deacon Company purchased equipment last year for $30,000.The equipment has an estimated useful life of five years.What amount will appear on the income statement for depreciation expense for the month of March 2016?​

• A) $0
• B) $500
• C) $6,000
• D) $30,000

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Definitions:

Global Mindset

The ability to appreciate and navigate diverse cultures, perspectives, and practices in global business environments.

Across Cultures

Spanning or encompassing multiple cultural backgrounds, traditions, or practices, and often concerning the comparison or interaction between them.

Strategic Issues

Significant matters that affect or have the potential to affect the direction and success of an organization or policy.

Communication Competency

The ability of an individual to effectively convey, receive, and interpret messages, both verbally and non-verbally, within various contexts.