Northport's Sandwiches acquired equipment on April $1,2024,$ for $$15,500.$ The company estimates a residual value of $$1,500$ and a five$-$year service life.

Required:

Calculate depreciation expense using the straight$-$line method for $2024$ and $2025,$ assuming a December $31$ year$-$end.

$\backslash$table$[[,2024,2025],[$Depreciation expense,,$]]$