On January 1,2014,Jameson Company Purchased Equipment at a Cost of $420,000.The

Multiple Choice

On January 1,2014,Jameson Company purchased equipment at a cost of $420,000.The equipment was estimated to have a useful life of five years and a salvage value of $60,000.Jameson uses the sum-of-the-years'-digits method of depreciation.What should the accumulated depreciation be at December 31,2017?

A) $240,000
B) $288,000
C) $336,000
D) $360,000