Martha purchased equipment at the beginning of July 2010 for $300 000, estimating it will have a salvage value of $45 000 and a useful life of 10 years. She will use the reducing-balance depreciation method (at 2.1 times the straight line rate). Which of the following statements regarding Martha's financial statements at 30 June 2012 is NOT correct? None of the other alternatives O Equipment = $300,000 O Depreciation expense = $63,000 O Accumulated depreciation = $112,770