Question 10 (2 points) ABC Company purchased new equipment on November 1, 2022. The cost of the equipment was $90,000. Management estimates it will have a 5-year life and $10,000 salvage value. How much depreciation expense will ABC Company recognize for 2022, assuming they use the straight-line method of depreciation? OA) $6,667 B) $2,667 C) $16,000 OD) $1,333