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What is the total accumulated depreciation as of December

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Reference no: EM132981179

Question - Banana Company was incorporated on January 1, 2018. In preparing the financial statements for the year ended December 31, 2020, the entity used the original cost and useful life for the property, plant and equipment:

On January 1, 2021, the entity determined that the remaining useful life is 8 years for the building, 5 years for the machinery and 2 years for the furniture. The entity used the straight line method of depreciation with no residual value. What is the total accumulated depreciation as of December 31, 2021?

Reference no: EM132981179

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