On September 1, a company purchased equipment for $25,000. Theequipment's estimated salvage value is $3,400. The machine will bedepreciated using straight-line depreciation and a four year life.If On September 1, a company purchased equipment for \( \$ 25,000 \). The equipment's estimated salvage value is \( \$ 3,400 \). The machine will be depreciated using straight-line depreciation and a fou 2 answers