QUESTION 25 Equipment was purchased by Potter, Inc. on January 1, 2019 at a cost of $100,000. The equipment has an estimated salvage value of $20.000 and an estimated useful life of 8 years or 20,000 hours. The equipment is to be depreciated using the units-of-octivity depreciation method, What is the amount of depreciation expense for the 2019 calendar year, if the equipment was used for 3,000 hours in 20197 $15,000 $10,000 $12,000 $12,500