Henry Tax Planning Service Bought Computer Equipment for $24,000 on January

question 69

Multiple Choice

Henry Tax Planning Service bought computer equipment for $24,000 on January 1, 2014. It has an estimated useful life of 4 years and zero residual value. Henry uses the straight-line method to calculate depreciation and records depreciation expense in the books at the end of every month. Calculate the amount of Depreciation Expense for the period, January 1, 2014 through September 30, 2014, for this equipment.

• A)$6,000
• B)$4,500
• C)$6,500
• D)$5,000

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Definitions:

Functionalism

A theoretical framework in sociology that emphasizes the interconnectivity and interdependence of societal institutions and their roles in maintaining social order.

Social Cohesion

The extent to which members of a society feel connected and united towards achieving common goals, fostering a sense of belonging and mutual support.

Sui Generis

A Latin expression meaning "of its own kind" or "unique in its characteristics," often used to describe something that is in a class by itself.

Social Theorist

A scholar who develops frameworks and theories to analyze and explain social phenomena and behaviors.