Watson Tax Planning Service Has the Following Plant Assets: Communications

Multiple Choice

Watson Tax Planning Service has the following plant assets: Communications Equipment: Cost,$7,200 with useful life of eight years; Furniture: Cost,$24,000 with useful life of 12 years; and Computer: Cost,$13,200 with useful life of four years.(Assume residual value of all the assets is zero.) Watson's monthly depreciation expense calculated using the straight-line method is ________.(Round any intermediate calculations and your final answer to the nearest cent.)

A) $275.00
B) $166.67
C) $75.00
D) $516.67