What depreciation expense can be shown in the following case:A company's annual accounting period ends on December 31. During the current year a...

The cost of the asset is $24000. Its salvage value is
$1000. As the company uses the straight line method for calculating depreciation, the
deprecation expense every year is the asset cost minus the salvage value divided by the
useful life span of the asset. Here the asset's useful life span is 6
years.

So we have yearly depreciation as ($24000 -
$1000)/6

=>
$23000/6

=> 3833.33

But
the asset has only been bought in October, so the depreciation expense can be shown for
three months. This gives the depreciation expense as
3833.33*(3/12)

=>
3833.33/4

=>
958.33

The correct option is option b, the
depreciation expense that can be shown at the end of the accounting period on December
31 is $958.33