Watson Tax Planning Service Has the Following Plant Assets: Communications

question 12

Multiple Choice

Watson Tax Planning Service has the following plant assets: Communications Equipment: Cost,$7,200 with useful life of eight years; Furniture: Cost,$24,000 with useful life of 12 years; and Computer: Cost,$13,200 with useful life of four years.(Assume residual value of all the assets is zero.) Watson's monthly depreciation expense calculated using the straight-line method is ________.(Round any intermediate calculations and your final answer to the nearest cent.)

• A) $275.00
• B) $166.67
• C) $75.00
• D) $516.67

---

Definitions:

Intervention Method

A structured approach to address a problem or issue, often involving specific actions designed to bring about a desired change.

Management by Objectives

A management strategy focusing on setting and achieving specific objectives through a systematic and organized approach.

Role Conflict

A situation in which an individual faces conflicting expectations or demands associated with different roles they occupy.

Organization Development

A planned, systematic approach to improving an organization's effectiveness through changes in processes, behaviors, and culture.