Marigold Company purchased equipment on January 1, 2018 at a total invoice cost of $341000 additional costs

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Question:

Marigold Company purchased equipment on January 1, 2018 at a total invoice cost of $341000 additional costs of $7000 for freight and $25000 for installation were incurred The equipment has an estimated salvage value of $12000 and an estimated useful life of five years The amount of accumulated depreciation at December 31, 2019 if the straightline method of depreciation is used is

$148,800.

$129,600.

$144,000.

$132,000.