Assuming the straight-line method of depreciation

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Reference no: EM13794812

Ace Company purchased a machine valued at $328,000 on August 1. The equipment has an estimated useful life of six years or 2.5 million units. The equipment is estimated to have a salvage value of $9,000. Assuming the straight-line method of depreciation, what is the amount of depreciation expense that needs to be recorded at the end of the first year?

$53,167

$22,778

$22,153

$56,167

$54,667

Reference no: EM13794812

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