Matt purchased equipment at the beginning of July 2017 for $21 000. Matt decided to depreciate the equipment over a five year period using the straightline method. Matt estimated the equipment's residual value at $3 000. The estimated fair market value at the end of June 2018 was $20 000. Which of the following statements is correct concerning Matt's financial statements at 30 June 2018?

		The carrying amount of the equipment $16,200
		The carrying amount of the equipment is $17,000
		The total accumulated depreciation is $3,600
		The equipment will be reported on the statement of financial position at its fair market value of $20,000