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Bramble Ltd. purchased equipment for $83700 on January 1, 2019, and will use the diminishing-balance method of depreciation. It is estimated that the equipment will

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Bramble Ltd. purchased equipment for $83700 on January 1, 2019, and will use the diminishing-balance method of depreciation. It is estimated that the equipment will have a 3-year life and a $2400 residual value at the end of its useful life. The amount of depreciation expense recognized in the year 2021 will be O $18067 $12400 O $13550 O $4517

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