On August $21,$ Bennett purchased equipment costing $$30,000.$ The equipment has an estimated salvage value of $$3,060$ and an estimated useful life of $5$ years. Bennett calculates depreciation to the nearest month.

Required:

Compute the depreciation expense for the first two years using the sum$-$of$-$the$-$years'$-$digits method. $($Note: Round your responses to the nearest cent.$)$

Year $1$ depreciation expense :

Year $2$ depreciation expense :