Required Information [The following information applies to the questions displayed below) On April 2. 2017, Victor, Inc. acquired a new piece of filtering equipment. The cost of the equipment was $160,000 with a residual value of $20.000 at the end of its estimated useful lifetime of 4 years. Assume that in its financial statements, Victor uses straight-line depreciation and rounds depreciation for fractional years to the nearest whole month. Depreciation recognized on this equipment in 2017 and 2018 will be Multiple Choice $23,333 in 2017 and $35.000 in 2018 O S40.000 in 2017 and $30.000 in 2018. $20,000 in 2017 and $35.000 in 2018 $26.250 in 2017 and $35.000 in 2018