Question 7 out of 10 points A wood products company has decided to purchase new logging equipment for $98,237 with a trade-in of its old equipment. The old equipment has a BV of $10,000 at the time of the trade-in. The new equipment will be kept for 10 years before being sold. Its estimated SV at the time is expected to be $5,000. Using the SL Method, the depreciatio n on the equipment over its depreciable life is