On Apol 2. Yoer 1, Yictoc, Incorporated acquired a new plece of filtering equipment. The cost of the equlpmemt was $340,000 wath a residual value of $20,000 at thit end of th entirited useful lifetime of 10 years. Victor uses a ceiendar year-end for financlal reponting: Asiume that in its fintneiat statements. Victor vees straight-lino deprecintion ond roundt depreciation for fractional yeats so the nearest whole month, Dopreciation recognited on shit equipenert in Year 1 and Yeer 2 will be. Mutuple chice 524,000 in Year 1 and $32.000 in Yeer 2. 520,000 in Year 1 and 592000 in wear 2 534,000 in Yeat 1 and 526,500 in Year 2 $32,000 on Year 1 hnd 532.000 in Year 2