On September 1, 2018, Precision Machinery purchased equipment for $111,000. The equipment is expected to last 5 years and will have no residual value. Precision Machinery has a December 31 year end. In the year of purchase, the company calculated depreciation for each month the asset was owned.

Take me to the text On September 1, 2018, Precision Machinery purchased equipment for $111,000. The equipment is expected to last 5 years and will have no residual value. Precision Machinery has a December 31 year end. In the year of purchase, the company calculated depreciation for each month the asset was owned. Required Prepare the table below showing the yearly depreciation, accumulated depreciation, and net book value of the equipment. Do not enter dollar signs or commas in the input boxes