Your Company purchased equipment on January 1 for $75,000. The machines are estimated to have a 6-year life and a salvage value of $15,000. The company uses the straight-line depreciation method. At the beginning Year 4. Your Company spent $35,000 on a major overhaul and increased the expected life by five years. Salvage value became $9,000. What is the annual amount of depreciation expense for each of the remaining years? Round to match my answer if necessary. $10,143 $ 7,625 $ 8,875 $12,625 $ 9,500 Your Corporation uses the units of production method when depreciating its equipment. It purchased equipment for $210,000. An additional $13,500 was spent to get the equipment operational. It will produce 1,200,000 units over its 5-year useful life and it has a salvage value of $7,500. The company produced 265,000 units with the equipment during the year of purchase. What amount will be recorded for depreciation expense for the equipment in the first year? $49,356 $44,719 $47,700 $49,290