Multiple Choice Question 129 Pharoah Company bought equipment for $600000 on January 1, 2021. Pharoah estimated the useful life to be 4 years with no salvage value, and the straight-line method of depreciation will be used. On January 1, 2022, Pharoah decides that the business will use the equipment for a total of 6 years. What is the revised depreciation expense for 2022? $120000. $150000. $75000. $90000. Click if you would like to Show Work for this question: Open Show Work