Micah Bartlett Company purchased equipment on

January 1, 2018, 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. The

amount of accumulated depreciation at December 31,

2019, if the straight-line method of depreciation is

used, is:

(a) $80,000. (c) $78,000.

(b) $160,000.

(c) $78,000.

(d) $156,000.