Mathematics, 23.07.2019 13:30 tati7149

Equipment was purchased for $85,000 on january 1, 2015. freight charges amounted to $3,500 and there was a cost of $10,000 for building a foundation and installing the equipment. it is estimated that the equipment will have a $15,000 salvage value at the end of its 5-year useful life. what is the amount of accumulated depreciation at december 31, 2016, if the straight-line method of depreciation is used?

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Equipment was purchased for $85,000 on january 1, 2015. freight charges amounted to $3,500 and there...