31- Practice Problem Set - Week 3 General: A company mentioned the below following question and choices for you. Use your accounting knowledge to pick the best result as part of this hypothetical interview process. There will only be one correct answer. Choose the best one and report back to your team. Company acquired equipment on January 1, 20x0, for $600,000, with an estimated useful life of 10 years and an estimated salvage value of $50,000. On January 1, 20X3, Company revised the salvage value to $15,000 and revised the useful life to 9 additional years (12 years in total). What is depreciation expense for the year ending December 31, 20X3 if Company uses straight- line depreciation? A. $35,000. B. $36,250. C. $45,556. D. $46,667. E. $48,333.