On March 31, 2016, Canseco Plumbing Fixtures purchased equipment for $30,000. Residual value at the end of an estimated four-year service life is expected to be $2,000. The company expects the machine to operate for 10,000 hours a. Calculate depreciation expense for 2016 and 2017 using straight line method Straight-Line Depreciation Choose Numerator: Choose Denominator = Annual Depreciation Annual Depreciation Depreciation Expense Year Annual Depreciation x 2016 2017 Fraction of Year