Assume that the estimated life of the drilling equipment is $10$ years and its salvage value is $$7\mathrm{.}000$

Record the disbursements on July $1,2022,$ assuming that no entry had been recorded for the

drilling equipment.

Disregarding the information given about the two checks, assume that the drilling equipment

was recorded at a total cost of $$195,000.$ Calculate the depreciation expense for $2022$ using the

straight$-$line method.