Holland Company purchased manufacturing equipment for $10,920. It has an estimated useful life of seven years and no residual value. The company should record depreciation expense of $80 per month. (Assume that the company uses the straight-line method.)

False. $130 is the amount that should be recognized.

Explanation:

Depreciation is the systematic allocation of cost to to an asset. It is given as

Depreciation  = (cost - salvage value)/ estimated useful life

Annual depreciation = 10920/7

= $1560

Monthly depreciation = $1560/12 = $130

Hence should the company record depreciation expense of $80 per month, depreciation will be understated.

the answer is     d. in our global economy, most job growth will be in services, but manufacturing jobs will exist, too.

answerpounds of plastic to purchase 200+60-20=(240);