Assume that Alpha Communications paid $$75,000$ for equipment with a $15$ year life and zero expected

residual value. After using the equipment for six years, the company determines that the asset will

remain useful for only five more years.

Requirements:

$1.$ Record depreciation expense on the equipment for year $7$ by the straight$-$line method.

$2.$ What is accumulated depreciation at the end of year $7?$