Question 3 of 5 > -15 HI! View Policies Current Attempt in Progress Cullumber Company acquires equipment at a cost of $42600 on January 3, 2021. Management estimates the equipment will have a residual value of $5.400 at the end of its 5-year useful life. Assume the company uses the straight line method of depreciation Calculate the depreciation expense for each year of the equipment's life. Cullumber has a December 31 fiscal year end, Depreciation expenses eTextbook and Media Attempts: 0 of 3 used Submit Answer Save for Later