A company purchases equipment for $60,000 on April 1, 2017. It


  1. A company purchases equipment for $60,000 on April 1, 2017. It estimates that the equipment will have a salvage value of $10,000 and its useful life will be 5 years. Assuming the company’s accounting year ends on December 31 of each year, what will be the Depreciation Expense for the years 2017 and 2018 be, using straight-line depreciation method?

Year 2017: $    _______________________________

Year 2018:  $   _______________________________


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