Current Attempt in Progress Equipment was purchased on January 1 for $39500 with an estimated residual value of $4000. The current year's Depreciation Expense is $3500, calculated on the straight-line basis, and the balance of the Accumulated Depreciation account at the end of the year is $11000. The remaining useful life of the equipment is 7 years 3 years 6 years 10 years e Textbook and Media Attemote 0 et 2 ved seatest deve