A bulldozer purchased by Miner Corporation is expected to last 7 years. The purchase price was $23,800. Shipping costs were $266 and initial setup charges were $393. The trade-in value is $2,204. Using the straight-line depreciation method, calculate the accumulated depreciation at the end of year 3.
A) $12,611.37
B) $9,537.86
C) $9,937.32
D) $8,833.87

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The Answer of A bulldozer purchased by Miner Corporation is expected to last 7 years. The purchase price was $23,800. Shipping costs were $266 and initial setup charges were $393. The trade-in value is $2,204. Using the straight-line depreciation method, calculate the accumulated depreciation at the end of year 3.
A) $12,611.37
B) $9,537.86
C) $9,937.32
D) $8,833.87

A Bulldozer Purchased by Miner Corporation Is Expected to Last