On April 2, Year 1, Victor, Incorporated acquired a new piece of filtering equipment. The cost of the equipment was $ 160, 000 with a residual value of $20,000 at the end of its estimated useful lifetime of a years. Victor uses a calendar year-end for financial reporting. Assume that in its financial statements, Victor uses straight-line depreciation and rounds depreciation for fractional years to the nearest whole month. Depreciation recognized on this equipment in Year 1 and Year 2 will be

$20,000 in Year 1 and $35,000 in Year 2

$23,333 in Year 1 and $35,000 in Year 2

$26,250 in Yea 1 and $35,000 in Year 2

$40,000 in Year 1 and $30,000 in Year 2

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