Depreciation by Two Methods; Partial Years

Knife Edge Company purchased tool sharpening equipment on July 1, 20Y5, for $16,200. The equipment was expected to have a useful life of three years and a residual value of $900.

Instructions:

a. Determine the amount of depreciation expense for the years ended December 31, 20Y5, 20Y6, 20Y7, and 20Y8 by the straight-line method.

a. Determine the amount of depreciation expense for the years ended December 31, 20Y5, 20Y6, 20 Y7 and 20Y8 by the straight-line method. Depreciation Expense nearest whole dollar. Depreciation Expense 20Y5 20Y6 20Y7 20Y8