Accounting Help Neded

Question 21

Sunland Company purchased equipment on January 1, 2027, at a total invoice cost of $346000 : additional costs of $6000 for freight and $27000 for installation were incurred. The equipment has an estimated salvage value of $8000 and an estimated useful life of five years. The balance of Accumulated Depreciation on December 31,2028 , if the straight-line method of depreciation is used is: $135200. $137600. $148400. $151600