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:

Analog Input Module

An input circuit that employs an analog-to-digital converter to convert an analog value, measured by an analog measuring device, to a digital value that can be used by the processor.

Digital-To-Analog Converter

A device that converts digital signals (representing numerical values) into analog signals (representing physical quantities).

Binary Bits

The smallest unit of data in computer processing, representing a 0 or 1 in the binary numeral system, used for representing all types of data.