During 2014, Carter Company acquired three assets with the following costs, estimated useful lives, and estimated salvage values.

The company uses the straight-line method to depreciate all assets and computes deprecia-tion to the nearest month. For example, the computer system will be depreciated for six months in 2014.

Required
1. Compute the depreciation expense that Carter will record on each of the three assets for 2014.
2. Comment on the following statement: Accountants could save time and money by simply expensing the cost of long-term assets when they are purchased. In addition, this would be more accurate because depreciation requires estimates of useful life and salvage value.

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Estimated Useful Life Estimated Salvage Value Date March 28 June 22 October 3 Cost Asset 5 years 10 years 30 years Truck Computer Building $ 18,000 55,000 $ 3,000 5,000 10,000 250,000