Nanki Corporation purchased Equipment at the beginning of 2018 for $650,000. In 2018 and 2019, Nanki Corporation depreciated the Equipment under the Straight-Line Method with an estimated Service Life (Useful Life) of eight (8) years and a $10,000 Residual Value (Salvage Value). In 2020, due to changes in technology, Nanki Corporation revised the estimated Service Life! (Useful Life) to a total of six (6) years (four (4) more years) with zero (S-O-)! Residual Value (Salvage Value). What amount of Depreciation Expense should Nanki Corporation record for the year 2020 for the Equipment? Select one: o a. $81,667. O b. $106,667. o c. $108,333 d. $122,500. Which of the following Leases is similar to the purchase of an Asset Select one: a. A capital lease. b. Neither an operating lease nor a capital lease, c. An operating lease. d. Both an operating and a capital lease