n January 1, 2018, Anvil Corp. purchased equipment for $60,000. It was expected to last 5years, after which it will be sold for $5,000. It is expected to be used for a total of 10,000machine hours, and was used for 750 hours until the year end December 31, 2018. Thedepreciation expense for 2018 using the straight line method will be