ABC Inc purchased a machine on January 1 2015 for 111433 At

ABC Inc purchased a machine on January 1, 2015, for $111,433. At the time of purchase, the machine was estimated to have a life of seven years and a residual value of $37,750. The company uses the sum-of-the-years\'-digits method of depreciation. How much depreciation expense should the company claim for year 2017?

Select one:
a. None of these
b. $13,157.68
c. $15,789.21
d. $18,420.75

Sum of years digit n*(n+1)/2 7*(8)/2 28 depreciation for year 2017 = (111,433-37,750)*5/28 13157.68 answeer option b) $13,157.68 answer

ABC Inc purchased a machine on January 1, 2015, for $111,433. At the time of purchase, the machine was estimated to have a life of seven years and a residual va

ABC Inc purchased a machine on January 1 2015 for 111433 At

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