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Find the amount of accumulated depreciation at December

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Question - Mather Company purchased equipment on January 1, 2016 at a total invoice cost of $560,000; additional costs of $10,000 for freight and $50,000 for installation were incurred. The equipment has an estimated residual value of $20,000 and an estimated useful life of five years. Find the amount of accumulated depreciation at December 31, 2017 if the straight-line method of depreciation is used?

a. $124,000.

b. $240,000.

c. $220,000.

d. $216,000.

Reference no: EM132571274

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