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Find the Evelyn net income for the year ended December

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Question - Evelyn Company purchased equipment that cost $150,000 on January 1, 2011. The entire cost was recorded as an expense. The equipment had a nine-year life and a $6,000 residual value. Evelyn uses the straight-line method to account for depreciation expense. The error was discovered on December 10, 2011. Evelyn is subject to a 40% tax rate.

Find the Evelyn's net income for the year ended December 31, 2009?

a. $80,400.

b. $90,000.

c. $134,000.

d. $150,000.

Reference no: EM132600457

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