Rock Industries purchased a piece of equipment for $171,500. The installation and shipping charges were $8,500. They expect the equipment to be used for 8 years and have no residual value. Rock Industries elects to use the sum-of-the-years' digits method of depreciation. What is the amount of accumulated depreciation by the end of the third year?

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The Answer of Rock Industries purchased a piece of equipment for $171,500. The installation and shipping charges were $8,500. They expect the equipment to be used for 8 years and have no residual value. Rock Industries elects to use the sum-of-the-years' digits method of depreciation. What is the amount of accumulated depreciation by the end of the third year?

Rock Industries Purchased a Piece of Equipment for $171,500