Question 16 (6 points) Use the information below to answer the questions that follow. Enter your...

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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 = 10 Residual value = 30000 Date purchased = November 1 What is the depreciation expense per year? A What is the depreciation expense per month? 신 What is the depreciation expense in the year of purchase? 1 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 = 10 Residual value = 30000 Date purchased = November 1 What is the depreciation expense per year? A What is the depreciation expense per month? 신 What is the depreciation expense in the year of purchase? 1