Ursula Tax Planning Service has the following plant assets: Communications equipment: Cost, $7,120 with useful...
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Ursula Tax Planning Service has the following plant assets: Communications equipment: Cost, $7,120 with useful life of eight years; Furniture: Cost, $21,600 with useful life of 12 years; and Computer: Cost, $13,600 with useful life of four years. (Assume residual value of all the assets is zero.) Ursula's monthly depreciation expense calculated using the straight-line method is ?
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