Ask Question
3 January, 18:17

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

+1
Answers (2)
  1. 3 January, 18:19
    0
    The answer to your question is 2,700
  2. 3 January, 18:25
    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 the answers seem to be not correct or there’s no answer. Try a smart search to find answers to similar questions.
Search for Other Answers