Answer:
Balance in Accumulated Depreciation = $7,800
Explanation:
Time period from investment to the date i.e. from Jan 1, 2011 to Jan 31, 2012 = 13 months.
Provided monthly depreciation = $600
Depreciation for 13 months = $600 [tex]\times[/tex] 13 = $7,800.00
Therefore balance of accumulated depreciation as on the date January 31, 2012 = $7,800.00
This is because depreciation is not written off until the asset is permanently disposed off.
Final Answer
Balance in Accumulated Depreciation = $7,800
