Question 4 Not yet answered Marked out of 2 p Flag question Cost of Equipment $500,000 Est. Useful life 5 Est. SV $50,000 Production Life 30000 hours Date of Purchase July1,2019 At Jan.1,2021 The company revised the useful life to be 6.5 years Using Straight Line Method: Using SLM compute the Dep Exp. for year 2021