On January 1, 2011, Meri-Ann Corporation purchased computer equipment for $23,000. The equipment had an estimated useful life of 4 years and a salvage value of $400. Meri-Ann uses the sum-of-the-years-digits method of depreciation. The accumulated depreciation at December 31, 2012, would be

Question

Quizplus · Accepted Answer

The Answer of On January 1, 2011, Meri-Ann Corporation purchased computer equipment for $23,000. The equipment had an estimated useful life of 4 years and a salvage value of $400. Meri-Ann uses the sum-of-the-years-digits method of depreciation. The accumulated depreciation at December 31, 2012, would be

On January 1, 2011, Meri-Ann Corporation Purchased Computer Equipment for $23,000