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What will accumulated depreciation for equipment on december

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Question 1: On January 1, 2016, the company purchased equipment for $ 22,000. The company uses the straight-line method over its 4-year useful life. Assuming that the residual value of the asset is $ 2,000, what will be the accumulated depreciation for this equipment on December 31, 2019?

Option a. 20,000 $

Option b. 5,000 $

Option c. 10,000 $

Option d. 15,000 $

Reference no: EM132518478

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