Watson Tax Planning Service has the following plant assets: Communications Equipment: Cost, $ 7 comma 040 with useful life of eight years; Furniture: Cost, $ 24 comma 000 with useful life of 12 years; and Computer: Cost, $ 12 comma 000 with useful life of four years. (Assume residual value of all the assets is zero.) Watson's monthly depreciation expense calculated using the straightminusline method is . (Round any intermediate calculations to two decimal places, and your final answer to the nearest cent.)
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Watson Tax Planning Service has the following plant assets: Communications Equipment: Cost, $ 7 comm...
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