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Please show work 23. Eckard Company reported the following information regarding its only equipment in its balance sheet: Dec 31, 2012 Dec. 31,2011 Equipment $540,000

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23. Eckard Company reported the following information regarding its only equipment in its balance sheet: Dec 31, 2012 Dec. 31,2011 Equipment $540,000 $540,000 Accumulated Depreciation $210,000 $180,000 Assume the company uses straight-line depreciation. As of December 31, 2012, how old is the equipment? A. 12 years B. 11 years C. 7 years D. 6 years

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