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Compute the related accumulated depreciation account

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Problem 1: On March 24, 2019, Dagger Ltd. purchased a new machine for $50,000. This machine has an eight-year estimated useful life, an estimated residual value of $2,500, and is expected to produce 95,000 units over its useful life. The machine produced 5,500 units in 2019 and 6,500 units in 2020. Using the unit of production method, to the nearest dollar, the related Accumulated Depreciation account on the adjusted trial balance at December 31, 2020 would be

Select one:

a. $6,500
b. $3,250
c. $6,000
d. $6,316

Reference no: EM132717179

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