On January 1, 2019, Peralta Corporation acquired equipment for $90,000. The estimated life of the equipment is 10 years or 150,000 hours. The estimated residual value is $5,000. What is the balance in Accumulated Depreciation on December 31, 2019, if Peralta Corporation uses the diminishing balance depreciation method at 1.5 times the straight-line rate? Select one: a. $12,750 b. $13,500 c. $18,000 d. $17,000

On January 1, 2019, Peralta Corporation acquired equipment for $90,000. The estimated life of the equipment is 10 years or 150,000 hours. The estimated residual value is $5,000. What is the balance in Accumulated Depreciation on December 31 , 2019 , if Peralta Corporation uses the diminishing balance depreciation method at 1.5 times the straight-line rate? Select one: a. $12,750 b. $13,500 c. $18,000 d. $17,000