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On January 1, 2014,Sheffield Corp.purchased equipment at a cost of $366000. The equipment was estimated to have a salvage value of $15000and it is being
On January 1, 2014,Sheffield Corp.purchased equipment at a cost of $366000. The equipment was estimated to have a salvage value of $15000and 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?
$43875
$10167
$9750
$45750
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