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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
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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

User Fu Cheng
by
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2 Answers

1 vote
the answer to your question is 2,700
User Sridhar Katakam
by
8.2k points
6 votes
From April to December =9 months

the depreciation expense
3,600×(9÷12)=2,700
User KGBird
by
8.1k points
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