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Hot Wort Ltd. purchased equipment on April 1, 2017, for $140,000. The residual value is $20,000 and the estimated life is 6 years or 55.000

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Hot Wort Ltd. purchased equipment on April 1, 2017, for $140,000. The residual value is $20,000 and the estimated life is 6 years or 55.000 hours. Compute depreciation expense for the year ending December 31, 2017 if Hot Wort Ltd, uses the straight-line method of depreciation. $14.988 $20,000 $15,000 $19.983

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