Hank's Tax Planning Service Bought Communications Equipment for $7,200 on January

question 117

Essay

Hank's Tax Planning Service bought communications equipment for $7,200 on January 1,2012.It has an estimated useful life of 5 years.Hank records depreciation monthly.
-As of June 30,2012,the balance in the Accumulated depreciation account for this equipment is:
A) $1,440.
B) $600.
C) $120.
D) $720.

• A) $1,440.
• B) $600.
• C) $120.
• D) $720.

---

Definitions:

Nonstandard Hours

Work schedules that fall outside the traditional 9 am to 5 pm workday, including evening, night, and weekend shifts.

Young Grandchildren

Refers to the young descendants of one’s children, typically under the age of 12.

Terminal Illness

A disease or condition that is incurable and expected to lead to the person's death.

Hospice Trajectory

The path or course of care designed to provide comfort and support to patients and their families during the final phase of a terminal illness, focusing on quality of life rather than curative treatment.