On January 1, 2011, Carson Company Purchased Equipment at a Cost

Multiple Choice

On January 1, 2011, Carson Company purchased equipment at a cost of $570,000. The equipment was estimated to have a useful life of five years and a salvage value of $60,000. Carson uses the sum-of-the-years'-digits method of depreciation. What should the accumulated depreciation be at December 31, 2013?

A) $340,000
B) $408,000
C) $456,000
D) $510,000