Using the straight-line method,depreciation for 2017 and the equipment's book value at December 31,2017,would be:
A)$14,400 and $43,200.
B)$28,800 and $37,200.
C)$13,200 and $39,600.
D)$13,200 and $45,600.

Question

Quizplus · Accepted Answer

The straight-line depreciation method divides the cost of the asset evenly over its useful life. If the depreciation for 2017 is $13,200, subtracting this from the initial cost gives a book value of $45,600 at the end of 2017.

Using the Straight-Line Method,depreciation for 2017 and the Equipment's Book