On October 1, Organic Farming purchases wind turbines for $140,000. The wind turbines are expected to last six years, have a salvage value of $20,000, and be depreciated using the straight-line method. 1. Compute depreciation expense for the last three months of the first year. 2. Compute depreciation expense for the second year. 1. Straight-line depreciation for the last three months of the first year 2. Straight-line depreciation for the second year

On October 1 , Organic Farming purchases wind turbines for $140,000. The wind turbines are expected to last six years, have a salvage value of $20,000, and be depreclated using the stralght-line method. 1. Compute depreciation expense for the last three months of the first year. 2. Compute depreciation expense for the second yeaf