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Bizzy Bee Cleaning service has expanded rapidly over the last year attributable to the Covid -19 virus. Management has elected to lease an office/warehouse to

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Bizzy Bee Cleaning service has expanded rapidly over the last year attributable to the Covid -19 virus. Management has elected to lease an office/warehouse to house the increased accounting staff and additional leased equipment for the field engineers. The exterior sign for the new facility will cost $10,000 with a useful life of 7 years. Because of the uncertainty regarding the continue uplift in sales after COVID-19 is contained, Management has elected to accept a lease term of 1 year, with 2, 3 year renewals for a total of 7 years. What is the depreciation expense for Year 1? O $1428.57 O $2857.14 O $4,281.71 O $10,000

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