On January 4, 2019, Mary's Cafe acquired equipment for $500,000. The estimated life of the equipment is 8 years. The estimated residual value is $40,000. What is the balance in the Accumulated Depreciation account at December 31,2020 if the straight-line method is used? Question 7 0/2 pts Katie's Garden Company purchased a machine on July 1, 2019. The machine cost $200,000 and has an estimated residual value of $20,000. The expected useful life is 8 years. What is the depreciation expense for 2019