Jennings Advertising, Inc. reported the following in its December 31, 2021, balance sheet: Equipment Less: Accumulated depreciation-equipment $700,000 $230,000 In a disclosure note, Jennings indicates that it uses straight-line depreciation over 14 years and estimates salvage value at 8% of cost. What is the average age of the equipment owned by Jennings? Multiple Choice 9 years. 5 years. 4.1 years. 9.9 years.