On January 1, 2013, LaMonte Paint and Repair purchased a piece of equipment that cost $300,000.It has an estimated useful life 10 years over which it was expected to produce 100,000 units of output.The equipment is expected to have an estimated residual value of $80,000.The company amortizes all equipment using the straight-line method.In the first two years of operation, the asset produced units of output as follows: 2013, 18,000 units; 2014, 15,000 units.The accounting year ends December 31.What is the amount of depreciation expense and in the accumulated depreciation account (after adjusting entries) at the end of 2014? $\begin{array}{lll}
&\text { Depreciation } & \text { Accumulated } \
&\text { Expense } & \text { Depreciation }\
\text { A) } & \$ 44,000 & \$ 44,000 \
\text { B) } & \$ 22,000 & \$ 44,000 \
\text { C) } & \$ 30,000 & \$ 30,000 \
\text { D) } & \$ 30,000 & \$ 60,000
\end{array}$

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The Answer of On January 1, 2013, LaMonte Paint and Repair purchased a piece of equipment that cost $300,000.It has an estimated useful life 10 years over which it was expected to produce 100,000 units of output.The equipment is expected to have an estimated residual value of $80,000.The company amortizes all equipment using the straight-line method.In the first two years of operation, the asset produced units of output as follows: 2013, 18,000 units; 2014, 15,000 units.The accounting year ends December 31.What is the amount of depreciation expense and in the accumulated depreciation account (after adjusting entries) at the end of 2014? $\begin{array}{lll}
&\text { Depreciation } & \text { Accumulated } \
&\text { Expense } & \text { Depreciation }\
\text { A) } & \$ 44,000 & \$ 44,000 \
\text { B) } & \$ 22,000 & \$ 44,000 \
\text { C) } & \$ 30,000 & \$ 30,000 \
\text { D) } & \$ 30,000 & \$ 60,000
\end{array}$

On January 1, 2013, LaMonte Paint and Repair Purchased a Piece