QUESTION 13 Use the information below for the following two questions: Orill Company purchased a new piece of equipment on September 1, 2020 at a cost of $740,000. The equipment has an estimated useful life of years and an estimated salvage value of $20,000. Ozil uses sum-of-the-years' digits depreciation method. Ozil expensed the total cost of the equipment on September 1, 2020. Income before taxes for 2020 Will be: overstated by $673,333 understated by $673,333 overstated by $686,667 understated by 5686,667 QUESTION 14 Income before taxes for 2021 will be: overstated by $$151,667 understated by $$151,667 overstated by $153,333 understated by $153,333