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Find the book value of the equipment at December

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Question - On April 2, 2014, Victor, Inc. acquired a new piece of filtering equipment. The cost of the equipment was $160,000 with a residual value of $20,000 at the end of its estimated useful life time of 4 years.

Refer to the information above. If Victor uses straight-line depreciation with the half-year convention, find the book value of the equipment at December 31, 2015?

a. $105,000.

b. $107,500.

c. $106,667.

d. $90,000.

Reference no: EM132609736

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