E. The Samuel Company uses the straightline method to depreciate its equipment. On May 1, 2015, the company purchased some equipment for $224,1JDD. The equipment is estimated to have a useful life of ten years and a salvage value of $213391]. On December 31, 2915, how much depreciation expense should Samuel record for the equipment in the adjusting entry? a. $213,400 1:. $18,503 c. $13,609 a. $3,500