QUESTION 43 0.2 On January 1, Year 1, Jing Company purchased office equipment that cost $15,900 cash. The equipment was delivered under terms FOB shipping point, and transportation cost was $2,000. The equipment had a five-year useful life and a $5,300 expected salvage value. Assuming the company uses the double-declining-balance depreciation method, what are the amounts of depreciation expense and accumulated depreciation, respectively, that would be reported in the financial statements prepared as of December 31, Year 3? $5,760 and $15,360 $0 and $16,000 $3,456 and $19,456 $1,144 and $5,300 None of the above