A new piece of equipment has an installed cost of $97,000. An increase in net working capital of $5,200 at the project start up is also projected. If the equipment is depreciated using the straight line method of depreciation, over a 6 year life, what is the amount of depreciation expense taken per year? [If needed, round your answer to two decimal places.] Your Answer: Next Page Page 22 of 24 Answer Previous Page