Problem 2: The company has an equipment of 4,000 TL. Assume that this equipment has 4 years life and the residual value is 0 , which was purchased on January 2, 2018, and straight-line depreciation method (equal amount of cost allocation method) is used. 1. Calculate annual depretiation expense of the company 2. Make journal entry of depreciation expense for the first year. 3. Show how the net book value of equipment will be reported in the Balance Sheet on December 31, 2020