QUESTION 1 10 points Save Answ Dynasty Company uses straight-line depreciation in its financial statements, with depreciation for a partial year rounded to the nearest full month. Required: On September 28, Year 1, Dynasty purchased equipment at a cost of $150,000. For financial reporting purposes, the useful life of this equipment was estimated at 5 years, with a $30,000 salvage value. Compute the depreciation expense relating to this equipment that Dynasty will recognize in its financial statements in each of the following years. If no depreciation will be recognized in a particular year, write zero. During the Year ended December 31: Year 1:$ Year 2: $ Year 3: $ Year 4: $ Year 5: $ Year 6: $