Overhead Industries Acquired a Piece of Machinery on January 3,2010

Multiple Choice

Overhead Industries acquired a piece of machinery on January 3,2010.The total cost of the machinery was $255,000.Overhead estimated that the machinery would be used for 68,000 hours before being sold for an estimated $10,200.Overhead uses the units-of-production method of depreciation.Assuming the machine was used for 12,700 hours during 2010,14,100 hours during 2011,and 13,400 hours during 2012,the carrying value of the machinery on January 2,2013 would be:

A) $104,250
B) $110,280
C) $144,720
D) $150,750