In 2020 Ivan Carr Corp. purchased factory equipment for $200,000. The estimated salvage value is $20,000. The equipment is estimated to have a 10 year useful life. The hot year convention to calculate depreciation is used for 2020 Straight line depreciation is used for all years. Based on this information, what is the depreciation expense for the first 2 years? Multiple Choice $9,000 and $18,000 $20.000 and $20,000 $10,000 and $20,000 $18.000 and 518,000