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On January 1, 2014, Concord Corporation purchased equipment at a cost of $382000. The equipment was estimated to have a salvage value of $13000 and
On January 1, 2014, Concord Corporation purchased equipment at a cost of $382000. The equipment was estimated to have a salvage value of $13000 and it is being depreciated over eight years under the sum-of-the-years'-digits method. What should be the charge for depreciation of this equipment for the year ended December 31, 2021?
$47750
$10250
$10611
$46125
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