On May 1, 2017, Pinkley Company sells office furniture for $300,000 cash. The office furniture originally cost $750,000 when purchased on January 1, 2010. Depreciation is recorded by the straight-line method over 10 years with a salvage value of $75,000. What depreciation expense should be recorded on this asset in 2017? Select one: a. $25,000. b. $67,500. C. $33,750. d. $22,500. Sargent Corporation bought equipment on January 1, 2017. The equipment cost $360,000 and had an expected salvage value of $60,000. The life of the equipment was estimated to be 6 years The depreciation expense using the straight-line method of depreciation is Select one: a. $70,000. ob. $72,000. c. None of these answer choices are correct. d. $50,000 Equipment with a cost of $400,000 has an estimated salvage value of $25,000 and an estimated life of 4 years or 15,000 hours. It is to be depreciated using the units-of-activity method. What is the amount of depreciation for the first full year, during which the equipment was used 3,300 hours? Select one: a. $82,500 O b. $113,800 c. $93,750 d. $100,000