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Jasper Company bought equipment on July 1, 2022 for $6999. The equipment has an estimated salvage value of $713 and a useful life of 5

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Jasper Company bought equipment on July 1, 2022 for $6999. The equipment has an estimated salvage value of $713 and a useful life of 5 years. If Jasper uses the straight-line method, how much depreciation expense is recorded for 2022? Choose the closest answer. Select one: O a. $1400 O b. $629 O c. $1257 O d. $700

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