Question:Micah Barlett Company purchase equipment on Janurary 1,2001, at a total invoice cost $400,000. The equipment has an estimated salvage value of $10,000 and an estimated useful life of 5 years. The amount of accumulated depreciation at December 31, 2002, if the straight line method of depreciation is used is: 

A $80,000 

B $160,000 

C $78,000 

D $156,000 

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