The Bread Basket purchased kitchen equipment on July 1, 2020,
for $156000 on account. At that time, the equipment was
estimated to have a useful life of 20,000 hours and no residual
value. The equipment was used for 1,000 hours in 2020
and 2,500 hours in 2021. The Bread Basket uses the units of
production method of depreciation. What is the balance of the
accumulated depreciation - equipment account on December 31, 2021
(after all depreciation has been recorded)? Round your
response to the nearest dollar.
Answer:
