You purchased a piece of equipment with a useful life of 2 years for $12,000. What equation do you use when creating the journal entry so QuickBooks calculates the monthly depreciation?
a) Depreciation Expense = $12,000 / 24 months
b) Depreciation Expense = $12,000 * 2
c) Depreciation Expense = $12,000 / 2 years
d) Depreciation Expense = $12,000 * (1/24) months
