Morris Inc. recorded the following transactions over the life of a piece of equipment purchased in Year 1: Jan. 1, Year 1 Purchased equipment for $14,100 cash. The equipment was estimated to have a five-year life and $5,980 salvage value and was to be depreciated using the straight-line method. Dec. 31, Year 1 Recorded depreciation expense for Year 1. Sept. 30, Year 2 Undertook routine repairs costing $794. Dec. 31, Year 2 Recorded depreciation expense