Berrien Corp purchased a new piece of equipment at a cost of $120,000 on June 30, 2019. They expect the equipment will have a salvage value of $20,000 at the end of its 10 year useful life. If Berrien uses the straight-line method of depreciation, what will be the balance in Accumulated Depreciation for the equipment on December 31, 2020? O $18,000 $20,000 O $15,000 O $24,000 O Some other