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Marigold Company purchased equipment on January 1,2027, at a total invoice cost of $341000, additional costs of $7000 for freight and $25000 for installation were

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Marigold Company purchased equipment on January 1,2027, at a total invoice cost of $341000, additional costs of $7000 for freight and $25000 for installation were incurred. The equipment has an estimated salvage value of $12000 and an estimated usoful life of five years. The balance of Accumulated Depreciation on December 31, 2028, if the straight-line method of depreciation is used is: $144400. $149200. $131600. $134400

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