Question: PLEASE ANSWER ASAP Use the information below to answer the questions that follow. Enter your answers using digits only - no dollar signs, commas, or

PLEASE ANSWER ASAP

Use the information below to answer the questions that follow. Enter your answers using digits only - no dollar signs, commas, or decimal points. The business's year-end is December 31. Cost of equipment = 105000 Useful life in years = 3 Residual value = 15000 Date purchased = January 31 What is the depreciation expense per year? What is the depreciation expense per month? What is the depreciation expense in the year of purchase?

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