Multiple Choice
Downs Tax Planning Service bought communications equipment for $9,600 on January 1,2017.It has an estimated useful life of five years and zero residual value.Downs uses the straight-line method to calculate depreciation and records depreciation expense in the books at the end of every month.As of June 30,2017,the balance in the Accumulated Depreciation account for this equipment is ________.
A) $160
B) $1,920
C) $800
D) $960
Correct Answer:
Verified
Correct Answer:
Verified
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