Copy Shop bought equipment for $150,000 on January 1, 2014. Don estimated the useful life o be 3 years with no salvage value, and the straight line method of depreciation will be used. On January 1, 2015, Don decided that the business will use the equipment for 5 years. What is the revised depreciation expense for 2015? $37, 500 $20,000 $50,000 $25,000 Equipment was purchased for $ 150,000. Freight charges amounted to $7,000 and was a cost of $20,000 for building a foundation and installing the equipment, It is estimated that the equipment will have a $30.000 salvage value at the end of its useful life. Depreciation expense each year using the straight-line method will be $24, 600 $24,000 $35, 400 $29, 400