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Please respond ASAP, I rate good! Farmer Company purchased equipment on January 1. Year 1 for $136,000 The equipment is estimated to have a 5

Please respond ASAP, I rate good!
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Farmer Company purchased equipment on January 1. Year 1 for $136,000 The equipment is estimated to have a 5 year life and a salvage value of $21,000 The company uses the straight-line depreciation method At the beginning of Year 4. Farmer revised the expected life to eight years. The annual amount of depreciation expense for each of the remaining years would be Multiple Choice $9.200 $8,375. $5,750. $13.400

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