Depreciation: Straight$-$line and double$-$declining$-$balance

Knife Edge Company purchased tool sharpening equipment on January $1,20Y5,$ for $$16,200.$ The equipment was expected to have a useful life of $4$ years and a residual value of $$900.$

Instructions:

a$.$ Determine the amount of depreciation expense for the years ended December $31,20$Y$5,20$Y$6,20$ Y$7$ and $20$ Y$8$ by the straight$-$line method.

Depreciation Expense

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