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52. JJs Tax Planning Service has the following plant assets: Communications equipment: Cost, $7,120 with...

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Accounting

52. JJs Tax Planning Service has the following plant assets: Communications equipment: Cost, $7,120 with useful life of eight years; Furniture: Cost, $22,800 with useful life of 7 years; and Computer: Cost, $12,000 with useful life of four years. (Assume residual value of all the assets is zero.) JJs monthly depreciation expense using the straight-line method is ________. (Round calculations to two decimal places, and your final answer to the nearest dollar.) A) $60 B) $158 C) $595 D) $482

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