Question 9 Not yet answered Marked out of 1.50 P Flag question Using the information from the above example (question #10), calculate the depreciation expense using the Straight-Line method. (A) $2,500 (B) $2,750 (C) $2,000 (D) $5,500 O A. $2,500 O B. $2,750 O C. $2,000 O D. $5,500 ABC Ltd. Purchased equipment for $22,000. The estimated useful life of the equipment was estimated as 8 years, while the Residual Value was estimated at $2,000. What is the depreciation expense using the Double Declining Balance method? (A) $2,750 (B) $2,500 (C) $5,500 (D) $2,000 O A. $2,750 O B. $2,500 O C. $5,500 O D. $2,000