Question 7 Not yet answered Marked out of 10.00 ABC Co. uses half year convetion method for depreciation. The company purchased an equipment in December, 2021 that costs $75,000 with a useful life of 10 years and an estimated salvage value of $5,000. How much is the depreciation expense for 2021 (assume that there is no more depreciable asset)? P Flag question Select one: a. 3500 b. 7500 c. 7000 d. 5000