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

question 225

Multiple Choice

Oakland Tax Planning Service bought computer equipment for $24,000 on January 1,2018.It has an estimated useful life of four years and zero residual value.Oakland uses the straight-line method to calculate depreciation and records depreciation expense in the books at the end of each month.Calculate the amount of Depreciation Expense for the period,January 1,2018 through September 30,2018,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:

Selection Differences

The biased allocation of participants into groups in an experimental design, which can affect the outcome.

Researchers

Individuals who conduct studies and investigations to discover new information and insights.

Pre-existing Groups

Groups in research studies that are formed based on characteristics or conditions present before the study, not created by the researcher.

Nonequivalent Control Group Design

An experimental design in which the control group is not randomly selected or assigned, potentially allowing for confounding variables.