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| In January year 1 Colonial Company purchased equipment for $120,000, to be used in its manufacturing operations. The equipment was estimated to have a useful life of 8 years, with salvage value estimated at $12,000. Colonial considered various methods of depreciation and selected the sum-of-the-years’ digits method. On December 31, year 2, the related allowance for accumulated depreciation should have a balance A. $15,000 less than under the double-declining balance method. B. $15,000 less than under the straight-line method. C. $18,000 greater than under the straight-line method. D. $18,000 greater than under the double-declining balance method. |