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Find accumulated depreciation at the fiscal year end is

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Question 1: On July 1, 2019, Bronson Co. purchased some equipment that initially cost $52,800. Additional costs included freight costs $300, non-refundable taxes $6,400, and installation $500. Estimated residual value is $2,000. The company uses a straight-line rate of 10%. Bronson's fiscal year end is June 30. Accumulated depreciation at the fiscal year end of 2022 is:

Option 1) $17,400.

Option 2) $17,700.

Option 3) $17,790.

Option 4) $18,390.

Reference no: EM132517202

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