Question 12 4 pts Purchased equipment on January 1 for $75,000. Estimated useful life for the equipment is 6 years and estimated salvage value is $5,000. Using the double-declining balance method, calculate the depreciation expense for the first year. O $11,667 $12,500. $23,333 O $25,000 Question 13 4 pts Purchased a computer network system for $150,000 on