Aman Corp. paid $500,000 to purchase equipment and $15,000 to have the equipment delivered to and installed in the company's production facilities. The equipment is expected to be used a total of 28,000 hours throughout its estimated useful life of six years. The estimated residual value of the equipment is $5,000. Aman began using the equipment on May 1, 2020. Aman has an October 31, 2020 year-end. It used the equipment for a total of 11,200 hours between May 1 and October 31, 2020. Using the units-of- production method, what amount of depreciation expense would Aman report in the income statement prepared for the year-ended October 31, 2020? Multiple Choice $206,000 0 $198,000 $204,000 0 $102,000