Emir Company purchased equipment that cost $110,000 cash on January 1, Year 1. The equipment had an expected useful life of six years and an estimated salvage value of $8,000. Assuming that Emir depreciates its assets under the straight-line method, the amount of depreciation expense appearing on the Year 4 income statement and the amount of accumulated depreciation appearing on the December 31, Year 4, balance sheet would be:

	Depreciation expense						Accumulated depreciation
A.		$	17,000					$	17,000
B.		$	17,000					$	68,000
C.		$	68,000					$	17,000
D.		$	17,000					$	51,000

Multiple Choice

Option A

Option B

Option C

Option D