Question 37 (6 points) A pressurized spray painter was purchased on September 1 of the fiscal year for $4,800. It has a useful life of 4 years and a residual value of $500. Determine depreciation expense and accumulated depreciation for the first three years, assuming a fiscal year end of December 31 and using the straight line method. Year #3 Year #1 Year #2 Cost Accumulated Depreciation Book Value Depreciation Expense You can type in your answer similar to this example: 22,000 22,000 22,000 Accum Depreciation 500 1000 1250 22334 22344 22143 Cost Book Value All numbers were made up! AV >