Multiple Choice Question 218 Sheridan Company purchased equipment for $100000 on January 1, 2020 and will use the double-declining- balance method of depreciation. It is estimated that the equipment will have a 10-year life and a $10000 salvage value at the end of its useful life. The amount of depreciation expense recognized in the year 2022 will be O $12800. O $5400. O $16000. O $11936. Click if you would like to Show Work for this question: Open Show Work