Hello,

Can someone please verify my answer. I think I am right

Equipment costing $24,500 with an estimated salvage value of $1,460 and an estimated life of 8 years was purchased on October 31, 2019. Using the straight-line depreciation method, what is the amount of depreciation expense to be recorded at December 31, 2019? Multiple Choice O O O $240 ss,760 $480 $1,460