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Interior Quality refurnished the entire office. On March 1, 2021, Interior Quality purchased furniture for $23,120. The furniture is expected to last 3 years and

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Interior Quality refurnished the entire office. On March 1, 2021, Interior Quality purchased furniture for $23,120. The furniture is expected to last 3 years and will have a residual value of $800. Interior Quality 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 furniture. Do not enter dollar signs or commas in the input boxes Round your answers to the nearest whole number. Year Original Cost of Furniture Depreciation Expense Accumulated Depreciation Net Book Value 2021 2022 2023 2024 Next Page

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