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Watson Tax Planning Service has the following plant assets: Communications Equipment: Cost, $7,200 with useful life of eight years; Furniture: Cost, $19,200 with useful life
Watson Tax Planning Service has the following plant assets: Communications Equipment: Cost, $7,200 with useful life of eight years; Furniture: Cost, $19,200 with useful life of 12 years; and Computer: Cost, $13,200 with useful life of four years. (Assume residual value of all the assets is zero.) Watson's monthly depreciation expense calculated using the straight minusline
method is ________. (Round any intermediate calculations to two decimal places, and your final answer to the nearest cent.)
A.
$133.33
B.
$483.33
C.
$275.00
D.
$75.00
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