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What the amount of accumulated depreciation at december

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Problem 1: Helen's Corporation purchased factory equipment on July 1, 2015 for $48,000. It is estimated that the equipment will have a $6,000 residual value at the end of its 10-year useful life. The market value of the equipment is $55,000. Using the straight-line method of depreciation, after recording depreciation, the amount of accumulated depreciation at December 31, 2016 is:

a. $6,300

b. $4,200

c. $11,000

d. $9,800

e. $2,100

Reference no: EM132817039

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