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Calculate depreciation expense for first year ended December

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Question - On June 1, 2019, I Passed Entrance Company (IPEC) purchased equipment at a cost of $120,000 that has a depreciable cost of $90,000 and an estimated useful life of 3 years and 30,000 hours.

Using straight line depreciation, calculate depreciation expense for the first year ended December 31, 2019?

a. $12,500

b. $40,000

c. $30,000

d. $17,500

Reference no: EM132270520

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