A company uses the replacement method to determine depreciation on its office equipment. During 2022 , its first year of operations, office equipment was purchased at a cost of $33,000. Service life of the equipment averages four years and no salvage value is anticipated. In 2024 , equipment costing $6,300 was sold for $800 and replaced with new equipment costing $7,800. The company would record 2024 depreciation of: Multiple Choice $4,650. $5,500. $7,000. None of the other answer choices are correct