Exercise $7-12($Algo$)$ Determine straight$-$line depreciation for partial periods $($LO$7-4)$

Leelenau's Sandwiches acquired equipment on April $1,2024,$ for $$21,500.$ The company estimates a residual value of $$2,700$ and a five$-$year service life.

Required:

Calculate depreciation expense using the straight$-$line method for $2024$ and $2025,$ assuming a December $31$ year$-$end.

$\backslash$table$[[$Depreciation expense,$2024,2025]]$