Billu Limited Purchased Equipment on January 1, 2009 for $275,000

question 63

Multiple Choice

Billu Limited purchased equipment on January 1, 2009 for $275,000. It was estimated that the equipment would have a residual value of $25,000 at the end of its useful life. The asset's useful life was estimated at 5 years or 10,000 units of output. The company has a December 31 year end. Additional Information
Assuming the company uses the units-of-production depreciation method, calculate the accumulated depreciation at the end of 2012.

• A)$57,500
• B)$63,250
• C)$202,500
• D)$222,750

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