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QUESTION
A fleet of limousines purchased by Hurst Industries is expected to last 5 years.The purchase price was $1,101,406.Shipping costs were $24,230 and...
A fleet of limousines purchased by Hurst Industries is expected to last 5 years. The purchase price was $1,101,406. Shipping costs were $24,230 and initial setup charges were $37,447. The trade-in value is $77,098. Using the sum-of-the-years' digits depreciation method, calculate the accumulated depreciation at the end of year 2.
A)$651,591
B)$511,492
C)$289,596
D)$868,788
