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

Multiple Choice

Henry Tax Planning Service bought computer equipment for $24,000 on January 1, 2014. It has an estimated useful life of 4 years and zero residual value. Henry uses the straight-line method to calculate depreciation and records depreciation expense in the books at the end of every month. Calculate the amount of Depreciation Expense for the period, January 1, 2014 through September 30, 2014, for this equipment.

A) $6,000
B) $4,500
C) $6,500
D) $5,000