On July 8, Year 1, Wright Company purchased equipment costing $72,800. The equipment has an estimated salvage value of $8,240 and an estimated useful life of 5 years. Wright Company calculates depreciation to the nearest month. Required: Compute the depreciation expense (to the nearest month) for Year 1 and Year 2 using the straight-line method. Year 1 depreciation expense Year 2 depreciation expense $0