Ursula Tax Planning Service Has the Following Plant Assets: Communications

Multiple Choice

Ursula Tax Planning Service has the following plant assets: Communications equipment: Cost, $6,720 with useful life of 8 years; Furniture: Cost, $18,000 with useful life of 12 years; and Computer: Cost, $12,000 with useful life of 4 years. Assume the salvage value of all the assets is zero and the straight-line method is used. Ursula's monthly depreciation journal entry will include a:

A) debit to Depreciation Expense of $5,340.
B) credit to Depreciation Expense of $5,340.
C) debit to Accumulated Depreciation of $445.
D) credit to Accumulated Depreciation of $445.