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The Cardwell Company purchased a machine on January 2, 2016, at a cost of $1,200,000....

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Accounting

The Cardwell Company purchased a machine on January 2, 2016, at a cost of $1,200,000. The machine had an estimated useful life of eight years and a residual value of $120,000. Cardwell computes depreciation by the sum-of-the-years'-digits method. What amount, net of accumulated depreciation will appear on the company's December 31, 2018, balance sheet for this machine?

a.

$570,000

b.

$630,000

c.

$805,094

d.

$1,080,000

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