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What is the balance for accumulated depreciation

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Question - Crestview Estates purchased a tractor on January 1, 2012, for $65,000. The tractor's useful life is estimated to be 30,000 miles and has a residual value of $5,000. If Crestview used the tractor 5,000 miles in 2012 and 3,000 miles in 2013, what is the balance for accumulated depreciation at the end of 2013 using the activity method?

a. $38,000

b. $6,000

c. 16,000

d. 10,000

Reference no: EM131969031

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