has a December 31, 2023 year-end. The company's depreciation policy is to use the straight-ine method to depreciate its assets. after five years for $0 an estimated life of five years. Mean Beans will scrap the equipment that it can sell the furniture for $2,000 after ten yeirs) costing $12,000 wath an estimated life of ten years. Mean Beans estimates c. On January 1, 2021, Mean Beans had purchased years that it can sell the car for $5,000 after elght years Required: 1-a. For each transaction, calculate the current year's annual depreciation expense