On January 1, 2016, Wildhorse Corporation acquired equipment costing $74,240. It was estimated at that time that the equipment would have a useful life of eight years and no residual value. The company uses the straight-line method of depreciation for its equipment, and its year end is December 31. Your answer is correct. Calculate the equipment's accumulated depreciation and carrying amount at the beginning of 2018. Equipment's accumulated depreciation $ 18,560 A Carrying amount 55,680 Attempts: 1 of 3 used Your Answer Correct Answer X Your answer is incorrect. What is the depreciation expense for January 1, 2018, to October 31, 2018? Depreciation expense $ 3,241.1667 e Textbook and Media Attempts: 3 of 3 used On November 1, 2018, the company purchased additional equipment for $9,360 that also had a useful life of eight years and no residual value. What is the depreciation for the two months ending December 31, 2018? Total depreciation for 2 months $ || Attempts: 0 of 3 used