Question $16(6$ points$)$

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 $=300000$

Useful life in years $=4$

Residual value $=12000$

Date purchased $=$ June $1$

What is the depreciation expense per year?

A

What is the depreciation expense per month?

A

What is the depreciation expense in the year of purchase?