Use the following information:

Equipment that cost $300,000 and had a book value of $156,000 was sold for $180,000. Data from the comparative balance sheets are:

12/31/12 12/31/11

Equipment $2,160,000 $1,950,000

Accumulated Depreciation 660,000 570,000

Depreciation expense for 2012 was

a. $258,000.

b. $234,000.

c. $54,000.

d. $36,000.

Equipment purchased during 2011 was

a. $510,000.

b. $300,000.

c. $210,000.

d. $90,000.