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:

Temporal Lobe

A region of the cerebral cortex responsible for processing auditory information, as well as being involved in memory, speech, and emotional responses.

Olfactory Bulb

A neural structure of the vertebrate forebrain involved in the sense of smell, situated above the nasal cavity beneath the frontal lobe.

Synesthesia

A condition in which one sense is simultaneously perceived as if by one or more additional senses, such as seeing sounds.

Psychokinesis

A purported psychic ability allowing a person to influence a physical system without physical interaction.