Mather Company purchased equipment on January 1, 2019 at a total cost of $620,000. The equipment has an estimated residual value of $20,000 and an estimated useful life of five years. The Book Value at December 31, 2020 after recording depreciation for the second year, if the straight-line method of depreciation is used is Hint: first ask yourself: what is the accumulated depreciation for these 2 years? $404,000$380,000$400,000$496,000