Question 10 of 20 View Policies Current Attempt in Progress /5 E Waterway Company purchased equipment on January 1, 2021, at a total invoice cost of $1220000. The equipment has an estimated salvage value of $30000 and an estimated useful life of 5 years. What is the amount of accumulated depreciation at December 31, 2022, if the straight-line method of depreciation is used? O $238000 O $488000 O $244000 O $476000 Save for Later Attempts: 0 of 1 used Submit Answer