Equipment records for Johnson Machine Co$.$ for the year follow. Johnson Machine uses the straight$-$line method of depreciation. In the case of assets acquired by the fifteenth day of the month, depreciation should be computed for the entire month. In the case of assets acquired after the fifteenth day of the month, no depreciation should be considered for the month in which the asset was acquired.

Asset Purchase Price

Useful Life Salvage

Value Date Purchased

Truck #$1$ $$21,7208$ years $$4,200$ January $1$

Truck #$222,60084,200$ April $10$

Tractor #$117,57053,170$ May $1$

Tractor #$213,27061,870$ June $18$

Forklift $38,950103,850$ September $1$