2. A company purchased factory equipment on January 1, 2019 for 270,000. It is estimated that the equipment will have a 20,000 residual value at the end of its 10- year useful life. Using the straight-line method of depreciation, the amount to be recorded as depreciation expense at December 31, 2019 is (3 Points) 26,000 27,000 12,500 25,000