Page of 4 0 - 6. On January 1, 2011, Forrest Company purchased equipment at a cost of $390,000. The equipment was estimated to have a salvage value of $12,000 and it is being depreciated over eight years under the sum-of-the-years-digits method. What should be the charge for depreciation of this equipment for the year ended December 31, 2018? A) $10,500 B) $10,833 $48,750 D) $47,250 Page 1