On January1, 2017, Coco Co. purchased a machine for$65,000, and expects to use the machine a total of45,000 hours over the next four years. The residual value on the machine was set at$3,000. Coco Co.used the machine32,600 hours in 2017 and 21,500 hours in2018, 15,100 hours in 2019 and9,000 hours in 2020.

The accumulated amortization at the end of 2020 fiscal year wouldbe:

A.

$65,000

B.

$62,560

C.

$62,000

D.

$45,000