Question: please help in solving! On March 5, Year 1, Ross Company purchased equipment costing $36,700. The equipment has an estimated salvage value of $3,790 and

please help in solving!

On March 5, Year 1, Ross Company purchased equipment costing $36,700. The equipment has an estimated salvage value of $3,790 and an estimated useful life of 5 years, Ross Company calculates depreciation to the nearest month Required: Compute the depreciation expense to the nearest month) for Year 1 and Year 2 using the straight-line method Year 1 depreciation en Year 2 depreciation 50 30 2

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