Question $6$

On January $1,$ Year $1,$ Mountain Manufacturing Co purchased equipment for $$90,000.$ The equipment had a seven$-$year

estimated life with a $$6,000$ salvage value. Straight$-$line depreciation was used. At the beginning of Year $3,$ Mountain

revised the expected life of the asset to five years rather than seven years. The salvage value was revised to $$3,000.$

Calculate the depreciation expense for years $1$ and $2.$

Calculate the depreciation expense for year $3.$