Reason: You forgot to subtract the residual value of $$100.$

Correct Answer

On June 1, Ace Electronics bought a new cash register for $2,500. Ace plans to use the cash register for 4 years and then sell it for $100. If Ace uses straight-line depreciation, what is depreciation expense for the year ended December 31 that year? O $625 Reason: You forgot to subtract the residual value of $100 and allow for the partial year ot use. O $350 O $300 Reason: The cash register, purchased on June 1, was used for 7 months, not 6. O $600 Reason: The cash register, purchased on June 1, was used for 7 months, not 6. O $364.58 Reason: You forgot to subtract the residual value of $100. Correct Answer