q18

Help Save & EX John Deere is an American manufacturer of agricultural, construction, and forestry machinery. John Deere purchased equipment for $60,000 on January 1, 2021. The equipment is expected to have a five-year service life, with a residual value of $5,000 at the end of five years. Using the straight-line method, depreciation expense for 2021 would be: Multiple Choice None of these $11,000 $12,000 $60.000