Reference no: EM132585440

The cost for comp equipment is 10,920 and the office equipment is the office equipment is 40,040. The fixed assets have estimated useful lives as follows: Building - 31.5 years Computer Equipment - 5.0 years Office Equipment - 7.0 years Use the straight-line method of depreciation. Management has decided that assets purchased during a month are treated as if purchased on the first day of the month. The building's scrap value is $7,500. The office equipment has a scrap value of $300. The computer equipment has no scrap value.

Question 1: Calculate the depreciation for one month. round the answer two decimal places