On 2015 January 1, Jackson Company purchased equipment for $400,000, and installation and testing costs totalled $40,000. The equipment has an estimated useful life of 10 years and an estimated salvage value of $40,000. If Jackson uses the straight-line depreciation method, the depreciation expense for 2015 is: Select one: a. $36,000. b. $88,000. c. $40,000. d. $44,000. e. $80,000. Question 2 Not yet answered Marked out of 10.00 Not flaggedFlag question Just 2 question need answered asap Question text On July 1, 2015, Jackson Company purchased equipment for $400,000, and installation and testing costs totaled $40,000. The equipment has an estimated useful life of 10 years and an estimated salvage value of $40,000. If Jackson uses the double-declining-balance method, the depreciation expense for 2015 would be: Select one: a. $40,000. b. $44,000. c. $72,000. d. $88,000. e. $36,000. Question 3 Not yet answered Marked out of 10.00 Not flaggedFlag