If equipment with a 5-year life was purchased on July 1, 2015 for $60,000, by December 31, 2016, the accumulated depreciation would be $12,000 and the carrying amount would be $48,000. the accumulated depreciation would be $40,000 and the carrying amount would be $20,000. the accumulated depreciation would be $30,000 and the carrying amount would be $30,000 the accumulated depreciation would be $18,000 and the carrying amount would be $42,000