Find the accumulated amortization at the end

Reference no: EM132723496

Question - On January? 1, 2017, Coco Co. purchased a machine for? $65,000, and expects to use the machine a total of? 45,000 hours over the next four years. The residual value on the machine was set at? $3,000. Coco Co. used the machine? 32,600 hours in 2017 and ? 21,500 hours in? 2018, 15,100 hours in 2019 and? 9,000 hours in 2020. Find the accumulated amortization at the end of 2020 fiscal year?

A. ?$65,000

B. ?$62,560

C. ?$62,000

D. ?$45,000

Reference no: EM132723496

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