Try another version of this question On March 1, Plattsburgh Warehouse paid cash of $12,960 for computers that are expected to remain useful for four years. At the end of 4 years, the value of the computers is expected to be zero. A. Calculate the amount of depreciation for the month of March using the straight-line depreciation method. Yearly Depreciation = (Cost - Residual Value)/(Time) Yearly Depreciation = / = per year One-Months Depreciation = (Yearly Depreciation)/(12) One-Months Depreciation = /12 = per month. B. Record the adjusting entry for depreciation on March 31. C. Post the purchase of March 1 and the depreciation on March 1 to T accounts for the following accounts: Computer Equipment, Accumulated Depreciation—Computer Equipment, and Depreciation Expense—Computer Equipment. Show their balances at March 31. D. What is the computer equipment’s book value on March 31? Cost LESS Accumulated Depreciation - = Date Description Debit Credit March 31 March 31 Debit Credit Double line Double line Debit Credit Double line Double line Debit Credit Double line Double line Date Description Debit Credit March 31 Depreciation Expense--Computer Equipment 270 March 31 Accumulated Depreciation--Computer Equipment 270 Debit Credit 12,960 Double line12,960 Double line Debit Credit 270 Double line Double line270 Debit Credit 270 Double line270 Double line