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Spirit Corporation purchased a piece of equipment to be used in its operations for \$700,000 on May 31, 2017 with an estimated salvage value of \$100,000 and a 4-year useful life. Spirit records partial-year depreciation on equipment and uses the sum-of-the-years-digits method.

How much depreciation expense should Spirit Corporation record for 2017 and 2018 respectively?

A

\$240,000, \$180,000

B

\$140,000, \$205,000

C

\$280,000, \$210,000

D

\$163,333, \$239,167

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