Equipment was purchased for $154000. Freight charges amounted to $7400 and there was a cost of $20000 for building a foundation and installing the equipment. It is estimated that the equipment will have a $30100 salvage value at the end of its 5-year useful life. Depreciation expense each year using the straight-line method will be $30260. $24780. O $25320. O $36280. A machine with a cost of $490000 has an estimated salvage value of $20000 and an estimated useful life of 5 years or 10000 hours. It is to be depreciated using the units-of-activity method of depreciation. What is the amount of depreciation for the second full year, during which the machine was used 5300 hours? $239700 $259700 $249100 O $94000