Ursula Tax Planning Service Has the Following Plant Assets: Communications

question 94

Multiple Choice

Ursula Tax Planning Service has the following plant assets: Communications equipment: Cost,$6,960 with useful life of eight years;Furniture: Cost,$19,200 with useful life of 12 years;and Computer: Cost,$14,000 with useful life of four years.(Assume residual value of all the assets is zero. ) Ursula's monthly depreciation expense calculated using the straight-line method is ________.(Round any intermediate calculations to two decimal places,and your final answer to the nearest dollar. )

• A)$291.67
• B)$133.33
• C)$72.50
• D)$498

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