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What should record depreciation expense for first six months

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Reference no: EM132492486

Question 1: Equipment acquired on January? 1, 2020, is sold on June? 30, 2024, for? $11,200. The equipment cost? $46,200, had an estimated residual value of? $6,300, and an estimated useful life of 5 years. The company prepares financial statements on December? 31, and the equipment has been depreciated using the straightminus-line method. On June? 30, 2024, the company should record Depreciation Expense for the first six months of the year? of:

A. ?$0.

B. ?$1,995.

C. ?$3,990.

D. ?$7,980.

Reference no: EM132492486

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