Use the Information Below to Answer the Following Questions

Multiple Choice

Use the information below to answer the following questions.
Speedy Ltd purchased a delivery truck on 1 July 2010 for $450 000. It had an estimated salvage value of $150 000. The estimated number of kilometers to be driven was 150 000. The truck was depreciated using the units-of-production method. Speedy Ltd’s financial period ends on 31 December. The truck was driven the following distances: during 6 months to 31 December 2010, 25 000 km; during 12 months to 31 December 2011, 75 000 km; and during 12 months to 31 December 2012, 40 000 km.
-What was the balance of accumulated depreciation at 31 December 2011?

A) $300 000
B) $280 000
C) $80 000
D) $230 000