Sunland Company purchased factory equipment that was installed and put into service January 1, 2020, at a total cost of $147000. Salvage value was estimated at $8000. The equipment is being depreciated over four years using the double-declining balance method. For the year 2021, Sunland should record depreciation expense on this equipment of $73500. 534750. $36750. $69500. QUESTION 2 On January 1, 2014, Bramble Corp. purchased equipment at a cost of $401000. The equipment was estimated to have a salvage value of $14000 and it is being depreciated over eight years under the sum-of-the-years-digits method. What should be the charge for depreciation of this equipment for the year ended December 31, 2021? O $11139 $50125 $10750 $48375