Ortiz purchased a piece of equipment that cost $202,000 on January 1, 2012. The equipment has the following components.
|
Component |
Cost |
Residual Value |
Estimated Useful Life |
|
A |
$70,000 |
$7,000 |
10 years |
|
B |
50,000 |
5,000 |
5 years |
|
C |
82,000 |
4,000 |
12 years |
Compute the depreciation expense for this equipment at December 31, 2012.