13. Connie's Convenience Store purchased a new secure cigarette storage cabinet in the current year for $8,000. The store expects to use it for 10 years and then replace it with a new one, selling the old one for $2,000. Required Using the straight-line depreciation method, calculate the annual depre- ciation expense.

3. Connie's Convenience Store purchased a new secure cigarette storage cabinet in the current year for $8,000. The store expects to use it for 10 years and then replace it with a new one, selling the old one for $2,000. Required Using the straight-line depreciation method, calculate the annual depreciation expense