Rice Company purchased equipment that cost $110.000 cash on January 1. Year 1. The equipment had an expected useful life of six years and an estimated salvage value of $8.000. Rice depreciates its assets under the straight-line method. What are the amounts of depreciation expense for Year 3 and the balance of the accumulated depreciation at December 31, Year 3. respectively? O $17.000 and $17.000 $68,000 and $17.000 $17.000 and $68.000 517.000 and $51.000