On January 1, 2020 Hartmann Corporation purchased equipment for $54,000 and estimates yearly depreciation expense of $4,500. Assuming Depreciation Expense is recorded appropriately each year what will be the balance in accumulated depreciation on December 31, 2021? On January 1, 2020 Hartmann Corporation purchased equipment for $54,000 and estimates yearly depreciation expense of $4,500. Assuming Depreciation Expense is recorded appropriately each year what will be the balance in accumulated depreciation on December 31, 2021? $49,500 $4,500 $45,000 $9,000