the year is $50,000. The remaining useful life of the plant asset is Select one: a. 3 years. b. 8 years c. 5 years. d. 10 vears. Amazon Company purchased equipment on January 1, 2016, at a total cost of $400,000. The equipment has an estimated salvage value of $10,000 and an estimated useful life of 5 years. If the straight-line method of depreciation is used, the amount of accumulated depreciation at December 31, 2017, is Select one: a. $ 80,000 ob. $ 160,000 C. $ 156,000 d. $ 78,000 Equipment was purchased for $150,000. Freight charges amounted to $7,000 and there was a cost of $20,000 for building a foundation and installing the equipment. It is estimated that the equipment will have a $30,000 salvage value at the end of its 5-year useful life. Depreciation expense each year using the straight-line method will be Select one: a. $24,000. b. $24,600. c. $35,400. d. $29,400