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Question 1 (6 points) Use the information below to answer the questions that follow. Enter your answers using digits only - no dollar signs,

Question 1 (6 points) Use the information below to answer the questions that follow. Enter your answers using digits only - no dollar signs, commas, or decimal points. The business's year-end is December 31. Cost of equipment = 150000 Useful life in years = 9 Residual value =14460 Date purchased = May 1 What is the depreciation expense per year? A/ What is the depreciation expense per month? What is the depreciation expense in the year of purchase?

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