On April 8,2018,Jupiter Corp

Multiple Choice

On April 8,2018,Jupiter Corp.acquired equipment at a cost of $480,000.The equipment is to be depreciated by the straight-line method over six years with no provision for salvage value.Depreciation for fractional years is computed by rounding the ownership period to the nearest month.Depreciation expense recognized in 2018 will be:

A) $53,333.
B) $66,667.
C) $60,000.
D) $80,000.