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Delicious Cakes is one of the well-known local bakery shops in downtown On November 1, 2021, Delicious Cakes purchased baking equipment for $31,860. The equipment

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Delicious Cakes is one of the well-known local bakery shops in downtown On November 1, 2021, Delicious Cakes purchased baking equipment for $31,860. The equipment is expected to last 3 years and will have a residual value of $900 Delicious Cakes has a December 31 year end and calculates depreciation based on the number of months the asset is owned. Required Prepare the table below showing the yearly depreciation, accumulated depreciation, and net book value of the equipment Do not enter dollar signs or commas in the input boxes Round your answers to the nearest whole number Year Original Cost of Equipment Depreciation Expense Accumulated Depreciation Net Book Value 2021 2022 2023 2024

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