Question: Question 22 options: Use the information below to answer the questions that follow. Enter your answers using digits only - no dollar signs, commas, or

Question 22 options: 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? What is the depreciation expense per month? What is the depreciation expense in the year of purchase?

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