Given the expanded business skills you’re picking up in

the BBA Program, your brother-in-law wants you to help him with his business accounts. He’s provided the following information concerning his business, Shiftless Yard Services, Inc. for 2011.
Sales revenue                          $4,200           Cost of goods sold                  $2,000
Accounts receivable                   $500           Gross fixed assets                   $2,800
Interest expense                          $140           Number of common shares       1,000
Total Sales/Gen/Admin exp       $600           NOI                                         $1,300
Accounts payable                       $240           NI                                               $754

Shiftless Yard Services, Inc. uses straight-line depreciation.

Given this info, he’s offered you a case of beer if you can answer the following questions that would allow him to complete his income statement for 2011.

What depreciation expense should he use?

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