QUESTION 13 On October 1, 2021, Draper James paid $850,000 for equipment having an estimated useful...

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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 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