Multiple Choice
Ursula Tax Planning Service has the following plant assets: Communications equipment: Cost,$3840 with useful life of 8 years;Furniture: Cost,$17,280 with useful life of 12 years;and Computer: Cost,$13,440 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 Accumulated depreciation of $440
B) credit to Accumulated depreciation of $440
C) debit to Depreciation expense of $5280
D) credit to Depreciation expense of $5280
Correct Answer:
Verified
Correct Answer:
Verified
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