Downs Tax Planning Service Bought Communications Equipment for $9,600 on January

question 40

Multiple Choice

Downs Tax Planning Service bought communications equipment for $9,600 on January 1,2017.It has an estimated useful life of five years and zero residual value.Downs uses the straight-line method to calculate depreciation and records depreciation expense in the books at the end of every month.As of June 30,2017,the balance in the Accumulated Depreciation account for this equipment is ________.

• A)$160
• B)$1,920
• C)$800
• D)$960

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Definitions:

Repeated Violence

Ongoing acts of aggression or abuse, frequently occurring within close relationships.

Serious Physical Injuries

Significant harm or damage to the body that often requires medical attention or intervention.

Intimate Partner Violence

Acts of physical, sexual, or emotional abuse by a current or former partner or spouse.

Familicide

is a type of crime wherein a family member kills multiple other members of their family, often including the nuclear family of parents and children.