Question #9

A companys fiscal year-end is December 31. The company purchased a machine costing $129,000 on April 1, 2021. The machine is expected to be obsolete after five years (60 months), and thereafter no longer useful to the company. The estimated salvage value is $6,000. The companys depreciation policy is to record depreciation for the portion of the year that the asset is in service. Compute depreciation expense for 2021 under the straightline depreciation method. (Round your answer to the nearest whole number. Do not include a $ sign in your answer.)