Micah Bartlett Company purchased equipment on January 1, 2016, at a total invoice cost of $400,000. The equipment has an estimated salvage value of $10,000 and an estimated useful life of 5 years. The amount of accumulated depreciation at December 31, 2017, if the straight-line method of depreciation is used, is:

Select one:

a. $80,000.

b. $78,000.

c. $156,000.

d. $160,000.

On 1/10/2018. Darcom company sold inventory of 74,000 accepting note receivable of five-month, 9% interest rate. What is the interest revenue of the Darcom company for 2019.

Select one:

a. $1,665

b. $80,660

c. $ 6,660

d. $1,110