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Homework answers / question archive / Cardco Inc
Cardco Inc. has an annual accounting period that ends on December 31. During the current year a depreciable asset that cost $42,000 was purchased on September 2. The asset has a $4,000 estimated salvage value. The company uses straight-line depreciation and expects the asset to have a five-year life. What is the total depreciation expense for the current year?
a. $1,900.00
b. $7,600.00
c. $2,533.33
d. $2,800.00
e. $3,166.67
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