equipment was purchased for $86,300 on January 1, 2016. Freight charges amounted yo $3,800 and there was a cost of $12,000 for building a foundation and installing the equipment. It is estimated that the equipment will have $22,000 salvage value at the end of its 5 year useful life. What is the amount of accumulated depreciation at December 31, 2017, if the straight-line method of depreciation is used?

Multiple Choice Question 205 A company purchased factory equipment for 1400000. It is estimated that the equipment will have a $40000 salvage value at the end of its estimated 8-year seul tre. If the company uses the double-declining balance method of depreciation, the amount of annual depreciation recorded for the second year after purchase would be $100000 367500 $75000 190000 Multiple Choice Question 67 Pharoah Company purchased equipment and these costs were incurred: Cash price $49000 Sales taxes 3700 Insurance during transit 670 Installation and testing 900 Total costs $54270 Pharoah will record the acquisition cost of the equipment as $54270. O $49000. $53370. $52700. Multiple choice Question 92, Equipment was purchased for $86300 on January 1, 2016. Freight charges amounted salvage value at the end of its 5-year useful life. What is the amount of accumulated d $14100. $16020. $27460 O $32040