Ask Question
6 May, 21:16

An asset is purchased on April 1st and has an annual depreciation amount of $3,600. Using the straight-line method of depreciation, what is the depreciation expense on December 31st?

$3,000

$2,700

$2,900

$3,240

+4
Answers (2)
  1. 6 May, 22:19
    0
    The answer to your question is 2,700
  2. 6 May, 22:19
    0
    From April to December = 9 months

    the depreciation expense

    3,600 * (9:12) = 2,700
Know the Answer?
Not Sure About the Answer?
Find an answer to your question ✅ “An asset is purchased on April 1st and has an annual depreciation amount of $3,600. Using the straight-line method of depreciation, what is ...” in 📘 Mathematics if you're in doubt about the correctness of the answers or there's no answer, then try to use the smart search and find answers to the similar questions.
Search for Other Answers