On July $31,2024,$ Rural Tech Support purchased a copy machine for $$35,700.$ Rural Tech Support expects the machine to last for three years and have a residual value of $$1,500.$ 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.$)$

$[(1-)]12)=$

Straight$-$line

depreciation depreciation