On October 1, Organic Farming purchases wind turbines for $210,000. The wind turbines are expected to last five years, have a salvage value of $27,000, 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 7,320 36,600 $