On January 2. 2003, EBY Company acquired equipment to be used in manufacturing operations. The equipment has an estimated useful life of 10 years and an estimated salvage value of $5,000. The depreciation applicable to this equipment was $24,000 for 2005, computed under the sum-of-the years digits method. What was the acquisition cost of the equipment?

a. $165,000

b. $170,000

c. $240,000

d. $245,000