Vince Company uses straight-line depreciation and issues financial statements every December 31. On April 1, 2019, the company purchased equipment for $48,000. It is estimated that the equipment will have a $6,000 salvage value at the end of its 10-year useful life. The depreciation expense at December 31, 2019, ist $4,200 $3,150 $4,800 $3,600 Garcia Company uses the units-of-activity method of depreciation and issues financial statements every December 31. On January 1, 2019, the company purchased equipment for $150,000. It is estimated that the equipment will have a $15,000 salvage value at the end of its 4-year useful life. It was also estimated that the machine would run 10,000 hours during the four-year useful life. If the machine was used 2,800 hours in 2019, what amount of depreciation expense should Garcia Company record at December 31, 2019? $37,800 $37,500 $35,000 $36,250 Equipment with a cost of $440,000 has an estimated salvage value of $60,000 and an estimated life of 4 years was purchased on January 1, 2017. It is to be depreciated by the straight-line method. What is the amount of depreciation expense for 2017? $95,000. $115,000. $110,000. $125,000