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

question 106

Multiple Choice

Russin Tax Planning Service bought computer equipment for $24,000 on January 1,2016.It has an estimated useful life of four years and zero residual value.Russin 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 1,2016 through September 30,2016,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:

Self-Guides

Refers to internal ideals and standards that people use to guide their behavior and evaluate their own performance and identity.

Ideal Self

The concept representing the person one aspires to be, emphasizing personal goals and desired traits.

Self-Discrepancy Theory

A psychological theory suggesting that discrepancies between an individual’s actual self, ideal self, and ought self can lead to emotional discomfort.

Self-Schemas

Cognitive representations of oneself that influence how individuals process information about themselves.