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Compute the balance in Accumulated Depreciation

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Question - Kegging & Canning Inc. acquired equipment on June 30, 2013, for $175,000. The residual value is $35,000 and the estimated life is 5 years or 40,000 hours. Compute the balance in Accumulated Depreciation as of December 31, 2015, if Kegging & Canning Inc. uses the - balance method of depreciation.

A. $117,600

B. $105,840

C. $124,600

D. $99,680

Reference no: EM132571078

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