Midnight, Inc. incurred the following costs related to equipment purchased on January :
Purchased equipment for $ terms net Paid for the equipment on January
Had the equipment installed and paid the installer $
Paid the freight bill for the truck that delivered the equipment for $
Advertised a new product that will be produced by the new equipment, $
Sales taxes paid on the equipment amounted to $
During installation, a part was broken off and had to be replaced for $
Midnight believes the machine will be useful for years, at which time it will be sold for $
Assuming Midnight, Inc. uses the straightline method of depreciation, what will depreciation expense on its income statement be
Select one:
a $
b $
c $
d $
e $
