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How much depreciation expense should samuel record

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Question - The Samuel Company uses the straight-line method to depreciate its equipment. On May 1, 2014, the company purchased some equipment for $224,000. The equipment is estimated to have a useful life of ten years and a salvage value of $20,000. If depreciation is to be recorded for each month the equipment is owned, how much depreciation expense should Samuel record for the equipment in the adjusting entry on December 31, 2014?

A. $20,400

B. $18,500

C. $13,600

D. $8,500

Reference no: EM132146182

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