On January 1,2014,Ashton Company Purchased Equipment at a Cost of $570,000.The

Multiple Choice

On January 1,2014,Ashton 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.Ashton uses the sum-of-the-years'-digits method of depreciation.What should the accumulated depreciation be at December 31,2016?

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