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    sadess07's Avatar
    sadess07 Posts: 1, Reputation: 1
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    #1

    Aug 8, 2010, 05:44 PM
    Cut-up’s Hair Styling uses straight-line depreciation. The company purchased equipme
    Cut-up’s Hair Styling uses straight-line depreciation. The company purchased equipment costing $1,200 on January 1, 2001. The equipment is expected to last four years with $0 salvage value. What is the annual amount of depreciation expense the company should record?
    A) $400
    B) $300
    C) $1,200
    D) $100
    chisan's Avatar
    chisan Posts: 1, Reputation: 1
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    #2

    Aug 8, 2010, 08:08 PM
    Answer is B ($1200/4=$300)
    morgaine300's Avatar
    morgaine300 Posts: 6,561, Reputation: 276
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    #3

    Aug 9, 2010, 03:51 AM

    Both of you please read the guidelines for posting homework:
    https://www.askmehelpdesk.com/financ...-b-u-font.html

    chisan, this goes for those answering questions as well. We don't just do people's homework for them.
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