Butters Company acquires equipment at a cost of $42,000 on January 3, 2014. Management estimates the equipment will have a residual value of $6,000 at the end of its four-year useful life. Assume the company uses the straight-line method of depreciation. Calculate the depreciation expense

(a) For each year of the equipment’s life, and

(b) In total over the equipment’s life. Butters has a December 31 fiscal year end?