Question 5 On January 1, 2014, Forrest Company purchased equipment at a cost of $390000. The equipment was estimated to have a salvage value of $12000 and it is being depreciated over eight years under the sum-of-the-years'-digits method. What should be the charge for depreciation of this equipment for the year ended December 31, 2021? a. $47250 $48750 $10500 $10833 C. d