Question 14 Not yet answered Points out af 300 for Oregon Company s in the process of preparing ts financial statements for 2017 Assume that sume that no entries for any depreciation or accounting changes have been recorded in 2017 The following information related to depreciation of fixed assets is provided to you Oregon purchased equipment on January 2. 2014, for S 75,000 At that time, the ditional information, the company determined that the equipment has a remaining useful life of 8 years with a $3,000 equipment had an estimated useful life of 10 years with a $5,000 salvage value The equipment is depreciated on a salvage value straight-line basis On January 2, 2017, as a result of add Following all appropriate adjusting/closing journal entries, the 2017 depreciation expense for the equipment will be Select one Flag question a$33,750 b $5,750 C$5,375 d $9 875 e $27 375