Question 16 1 pts At the beginning of Year 1. ABC Company purchased a piece of equipment for $1,000. This equipment was expected to last 10 years at which time ABC hoped to sell the equipment for $200. At the beginning of Year 11, ABC Company sold the equipment for $300. ABC Company uses the straight line depreciation method. How much Depreciation Expense should ABC Company report in Year 2? 5640 $840 $80 $160