Togo s Sandwiches acquired equipment on April 1 2015 for
Togo’s Sandwiches acquired equipment on April 1, 2015, for $ 18,000. The company estimates a residual value of $ 2,000 and a five-year service life.

Required:
Calculate depreciation expense using the straight-line method for 2015 and 2016, assuming a December 31 year-end.

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