Aggie Company purchased equipment on January 1, 2013. The following information is available concerning the purchase: Invoice price $12,000 Installation costs $300 Shipping charges $950 Trial run material Purchase terms 3/10, net 30 Trial run labor $200 Payment date January 8, 2013 Insurance for first year $400 4 The equipment is being depreciated using the straight line method over a 10 year life with a salvage value of $1,000. Depreciation expense for 2013 would be what amount? O $1,219 O $1,259 O $1,319 $1,124 $1,289 $100