Uses the straight-line method of depreciation

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On January 1, 2015, Jek Corporation acquired equipment for $260,000. The estimated life of the equipment is 5 years or 40,000 hours. The estimated salvage value is $20,000. What is the book value of the asset on December 31, 2016 after two years of recording depreciation expense if Jek Corporation uses the straight-line method of depreciation? A. $80,000 B. $96,000 C. $104,000 D. $164,000

Reference no: EM13933076

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