Inc., a manufacturing company, acquired equipment on January 1, 2017 for $580,000. Estimated useful life of the equipment was seven years and the estimated residual value was $19,000. On January 1, 2020, after using the equipment for three years, the total e Calculate depreciation expense for 2020. (Round any years. Residual value remains unchanged. The company uses the straight- line method of deprecfation intermediate calculations to two decimal places, and your final answer to the nearest dollar.) OA. $62,333 OB. S53429 O C. $55,238 O D. $64,444