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

question 225

Multiple Choice

Oakland Tax Planning Service bought computer equipment for $24,000 on January 1,2018.It has an estimated useful life of four years and zero residual value.Oakland uses the straight-line method to calculate depreciation and records depreciation expense in the books at the end of each month.Calculate the amount of Depreciation Expense for the period,January 1,2018 through September 30,2018,for this equipment.(Round any intermediate calculations to two decimal places,and your final answer to the nearest dollar.)

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

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Definitions:

Stylomandibular Ligament

A band of fibrous connective tissue that extends from the styloid process of the temporal bone to the mandible, acting as a supporting structure.

Zygomatic Arch

The bony arch on the side of the skull formed by the zygomatic bone and part of the temporal bone, contributing to the facial skeleton.

Temporomandibular Joint

The hinge joint that connects the lower jaw (mandible) to the temporal bone of the skull, located just in front of the ears.

Stylomandibular Ligament

A fibrous band of the cervical fascia that extends from the styloid process of the temporal bone to the angle of the mandible, acting in the limitation of excessive jaw opening.