A LARGE PIECE OF EQUIPMENT IS NEEDED FOR THE PROJECT. IT WILL BE R...

13. A large piece of equipment is needed for the project. It will be retainedand used after the project is completed. The equipment has a value of$500,000, and it has a scrap value of $50,000 at the end of its usefullife of ten years. If the sum of the years’ digits method of depreciationis used, what is the depreciation that is taken at the end of the thirdyear?a. $81,818b. $90,900c. $65,250d. $72,500