Vanderet's Computer Business Owns Computer Equipment Which Cost $3,240 and Has

Multiple Choice

Vanderet's Computer Business owns computer equipment which cost $3,240 and has an expected useful life of three years. No residual value is expected. At the company's yearend, December 31, the equipment's book value is $2,520. In what month was the computer purchased using the straight-line depreciation method?

A) January
B) March
C) May
D) June
E) August