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Question 11 1 pt Ariel Tax Planning Service has the following plant assets: Communications equipment: Cost, $8,640 with useful life of 8 years; Furniture: Cost,
Question 11 1 pt Ariel Tax Planning Service has the following plant assets: Communications equipment: Cost, $8,640 with useful life of 8 years; Furniture: Cost, $18,000 with useful life of 12 years; and Computer: Cost, $13,440 with useful life of 4 years. Assume the residual value of all the assets is zero and the straight-line method is used. Ariel's monthly depreciation journal entry will include a credit to Accumulated Depreciation of $495 o credit to Depreciation Expense of $5,940 debit to Accumulated Depreciation of $495 debit to Depreciation Expense of $5,940
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