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Cramer Company purchased equipment on May 1, 2019 for $800,000. The residual value is $80,000 and the estimated useful life is 10 years. What is

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Cramer Company purchased equipment on May 1, 2019 for $800,000. The residual value is $80,000 and the estimated useful life is 10 years. What is the Depreciation Expense for the year ending December 31, 2019, if the company uses the straight-line method? (Round your final answer to the nearest dollar) O A. $48,000 O B. $53,333 OC. $72,000 OD. $80,000

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