YaHo, Corp. purchased equipment worth $45,000 on April 1^st, 2020, paying cash. The equipment has a 5-year useful life and is expected to have $0 salvage value at the end of its useful life. Assume that the firm uses the straight-line depreciation method (i.e. the cost of the equipment is allocated evenly over its useful life). Assume that the firm has an annual accounting period which ends on December 31^stand adjusting entries are made at the end of the accounting period on December 31^st. How much depreciation expense should the firm record in 2020?

Group of answer choices

$6,750

$45,000

$0

$9,000

$2,250