Darting Company purchased equipment for $9,000 on January 1, 2022.The company expects to use the equipment for 3 years.It has no salvage value.Monthly depreciation expense on the asset is:
A)$0.
B)$250.
C)$3,000.
D)$9,000.

Question

Quizplus · Accepted Answer

The equipment cost is $9,000 and it is expected to be used for 3 years (36 months). The monthly depreciation expense is calculated by dividing the total cost by the number of months: $9,000 / 36 = $250.

Darting Company Purchased Equipment for $9,000 on January 1, 2022