MC Qu. 89 Refer to the information above. Assume that ...

Refer to the information above. Assume that in its financial statements, Tilton Products uses straight-line depreciation and the half-year convention. Depreciation expense recognized on this machinery in 2009 and 2010 will be:

	$6,875 in 2009 and $3,438 in 2010.
	$2,500 in 2009 and $5,000 in 2010.
	$14,062 in 2009 and $6,875 in 2010.
	$4,375 in 2009 and $8,750 in 2010.

MC Qu. 90 Refer to the information above. Assume that ...

Refer to the information above. Assume that in its financial statements, Tilton Products uses straight-line depreciation and rounds depreciation for fractional years to the nearest month. Depreciation expense recognized on this machinery in 2009 and 2010 will be:

	$3,333 in 2009 and $5,000 in 2010.
	$5,000 in 2009 and $5,000 in 2010.
	$10,000 in 2009 and $5,000 in 2010.
	$7,500 in 2009 and $5,000 in 2010.