Using the sum-of-the-years-digits method depreciation for, Accounting Basics

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Using the sum-of-the-years-digits method depreciation for

Question: Cutter Enterprises purchased equipment for $90,000 on January 1, 2016. The equipment is expected to have a five-year life and a residual value of $5,700.

Using the sum-of-the-years'-digits method, depreciation for 2017 and book value at December 31, 2017, would be (Do not round depreciation rate per year):

a. $24,000 and $30,300.

b. $22,480 and $33,720.

c. $24,000 and $36,000.

d. $22,480 and $39,420.

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Accounting Basics: Using the sum-of-the-years-digits method depreciation for

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