this is an accounting question, i get the accounting part but not the math part.
The Josey Company purchased equipment for $21,000 on October 1. It is estimated that annual depreciation on the computer will be $7,000. If financial statements are to be prepared on December 31, the company should make the following adjusting entry:

the answer is $1750.
i don't get where the number 1750 came from! please help!

Question

this is an accounting question, i get the accounting part but not the math part.
The Josey Company purchased equipment for $21,000 on October 1. It is estimated that annual depreciation on the computer will be $7,000. If financial statements are to be prepared on December 31, the company should make the following adjusting entry:

the answer is $1750.
i don't get where the number 1750 came from! please help!

welshfella · Answer

Hint:-  october 1 to december31  is 1/4 of the yesr

welshfella · Answer

$7000 per year 
how much per 1/4 of the year?

amyna · Answer

ahh! okay i got it lol! thanks :)

welshfella · Answer

yw