Question 1 (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 = 75000 Useful life in years = 5 Residual value = 6000 Date purchased = September 1 What is the depreciation expense per year? A/ What is the depreciation expense per month? What is the depreciation expense in the year of purchase? A/