I know the calendar year goes from January 1st to December 31st but if you can answer these questions to explain if it would depreciate on the 31st or the 1st of the following year. Thank you.

Chapter 3 (Protected View) - Word (Unlicensed Product A RayMan2798 out References Mailings Review ViewHelp Tell me what you want to do rom the Internet can contain viruses. Unless you need to edit, it's safer to stay in Protected View Enable Editing res of Word have been disabled. Reactivate overstated by $4.750. 29). On January 1, 2015, Miraz Company purchased furniture for $7,800. The company expects to use the furniture for 3 years. The asset has no salvage value. The book value of the furniture at December 31, 2016 is a. $0 b. $2,600 c. $5,200 - d. $7,800 30) On January 1, 2015, Murphy Inc. purchased equipment for $38,400. The company is depreciating the equipment at the rate of $800 per month. At January 31, 2016, the baanc nAccumulated Depreciation is . $800. b. $9,600. C. $10,400. d. $28,000. 31) On January 1, 2016, Pulque Company purchased equipment for $51,000. The company is depreciating the equipment at the rate of $850 per month. The book value of the equipment at December 31, 2016 is a. $0 b. $10,200 C. $40.800. d. $51,000. Ultramega Company collected $19,600 in May of 2016 for 5 months of service which would take place from October of 2016 through February of 2017. The revenue reported from this transaction during 2016 would be a. 0 b. $3,920 c. $11,760. d. $19,600. 32)