1. 18.After three years, a company has accumulated depreciation of $9,000 on a piece of equipment. The company paid $21,000 for the equipment and records a depreciation expense of $3,000 per year.
2. Record the depreciation expense for the fourth year. ___________
3. Find the net book value for the piece of equipment at the beginning and ending of the fourth year. _______________

C. Show how the equipment will be recorded on the balance sheet for the fourth year. _________________