(Answered) Cuso company purchased equipment on january 1 2016 at a

Accounting

Cuso Company purchased equipment on January 1, 2016, at a total invoice cost of $400,000. The equipment has an estimated salvage value of $10,000 and an estimated useful life of 5 years. What is the amount of accumulated depreciation at December 31, 2017, if the straight-line method of depreciation is used?

$156,000
$80,000
$160,000
$78,000

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