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Problem 2 Kylie's Kitchen purchased several pieces of equipment during 20X6. The purchase date, item, cost, useful life, and salvage value are as follows: Date

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Problem 2 Kylie's Kitchen purchased several pieces of equipment during 20X6. The purchase date, item, cost, useful life, and salvage value are as follows: Date Item Cost Useful Life Salvage Value January 1 Cash register $ 1,800 5 years $ 500 March 1 10 8-top tables 2,500 10 years 500 July 1 Van 30,000 5 years 3,000 September 16 Range 4,500 7 years 800 Required: Determine the depreciation expense for the year of 20X6 for each piece of equipment purchased. Use the straight-line method of depreciation

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