Ursula Tax Planning Service Has the Following Plant Assets: Communications

question 90

Multiple Choice

Ursula Tax Planning Service has the following plant assets: Communications equipment: Cost, $6,720 with useful life of 8 years; Furniture: Cost, $18,000 with useful life of 12 years; and Computer: Cost, $12,000 with useful life of 4 years. Ursula's monthly depreciation expense calculated using the straight-line method is: (Assume salvage value of all the assets to be zero)

• A)$250.
• B)$125.
• C)$70.
• D)$445.

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