A 20-month insurance policy was purchased for $1,500 on May 1. How much insurance will be
expensed on December 31?
A.$300
B.$600
C.$1,500
D.$75
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A 20-month insurance policy was purchased for $1,500 on May 1. How much insurance will be
expensed on December 31?
A.$300
B.$600
C.$1,500
D.$75