Question: Assume that the step machine in SE3 has an estimated useful life of 8,000 hours and was used for 2,400 hours in year 1; 2,000

Assume that the step machine in SE3 has an estimated useful life of 8,000 hours and was used for 2,400 hours in year 1; 2,000 hours in year 2; 2,200 hours in year 3; and 1,400 hours in year 4. How much would depreciation expense be in each year? (Round to the nearest dollar.)
In SE3, Sunburn Fitness Center purchased a new step machine for $8,250. The apparatus is expected to last four years and have a residual value of $750. What will the depreciation expense be for each year under the straight-line method?

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