Edcon Industries Acquired a Piece of Equipment on January 3,2010

Multiple Choice

Edcon Industries acquired a piece of equipment on January 3,2010.The total cost of the equipment was $43,700.Edcon estimated that the equipment would be used for 7 years before being sold for an estimated $5,200.Assuming the use of straight-line depreciation,the carrying value of the equipment on January 2,2015 will be:

A) $12,486
B) $16,200
C) $21,400
D) $27,500