Jason Moore Purchased Computer Equipment for $5,000 on January 1,2015

Multiple Choice

Jason Moore purchased computer equipment for $5,000 on January 1,2015.It has a residual value of $200 with a useful life of 6 years.After the appropriate adjusting entries have been made,the balance in Accumulated Depreciation account for this asset on January 1,2017,under the straight-line method,should be:

A) $800.
B) $1,600.
C) $2,400.
D) $3,200.