Multiple Choice
Hank's Tax Planning Service bought communications equipment for $7 200 on 1 January 2013. It has an estimated useful life of 5 years. Hank records depreciation monthly. As of 30 June 2013, Hank's balance sheet will show a carrying value for this equipment of:
A) $120.
B) $7 200.
C) $720.
D) $6 480.
Correct Answer:
Verified
Correct Answer:
Verified
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