QUESTION 4 A company bought equipment on January 1, 2017. The equipment had an invo price of $275,000. The company incurred shipping costs of $20,000 and installation/testing costs of $50. The equipment had an expected salvage value of $50,000 at the end of its 6-year useful life. The annu depreciation expense using the straight-line method of depreciation is 0 a $60,000 O b.$58,333 O c. none of these answer choices are correct. O d. $41,667