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Multiple Choice Question 120 Crane Company purchased equipment on January 1, 2016, at a total invoice cost of $1100000. The equipment has an estimated salvage

Multiple Choice Question 120
Crane Company purchased equipment on January 1, 2016, at a total invoice cost of $1100000. The equipment has an estimated salvage value of $25000 and an estimated useful life of 4 years. What is the amount of accumulated depreciation at December 31, 2017, if the straight-line method of depreciation is used?

$268750.

$275000.

$550000.

$537500.

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