Question: On April 3 0 , 2 0 2 4 , Meggie Services purchased a copy machine for $ 3 5 , 6 0 0 .

On April 30,2024, Meggie Services purchased a copy machine for $35,600. Meggie Services expects the machine to last for four years and have a residual value of $2,000. Compute depreciation expense on the machine for the year ended December 31,2024, using the straight-line method.
Begin by selecting the formula to calculate the company's depreciation expense on the machine for the year ended December 31,2024. Then enter the amounts and calculate the depreciation expense. (Do not round intermediary calculations. Only round the amount you input for straight-line depreciation to the nearest dollar.)
)] Straight-line 12 depreciation
On April 30,2024, Meggie Services purchased a copy machine for $35,600.

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