QUESTION 13 On October 1, 2021, Draper James paid $850,000 for equipment having an estimated useful life of 5 years with an estimated salvage value of $250,000. Depreciation is taken for the portion of the year the asset is used. Provide the depreciation expense using sum of years digits for 2024. 150,000 113,333 110,000 80,000 155,833