Question: Jay Hawk, maintenance supervisor for Boston Insurance Co., has purchased a riding lawnmower and accessories to be used in maintaining the grounds around corporate headquarters.

Jay Hawk, maintenance supervisor for Boston Insurance Co., has purchased a riding lawnmower and accessories to be used in maintaining the grounds around corporate headquarters. He has sent the following information to the accounting department.

Jay Hawk, maintenance supervisor for Boston Insurance Co., has purchased a riding

Compute the amount of depreciation expense (related to the mower and accessories) that should be reported on Boston’s December 31, 2012, income statement. Assume straight-line depreciation.

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