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Taco Hut purchased equipment on May 1, 2018, for S 15,000 Residual value at the end of an estimated 8-year service life is expected to
Taco Hut purchased equipment on May 1, 2018, for S 15,000 Residual value at the end of an estimated 8-year service life is expected to be S4000. Calculate depreciation expense using the straight-line method for 2018 and 2019, assuming a December 31 year-end. (Do not round your intermediate calculations. Round your final answers to the nearest whole dollar.) Year 2018 2019
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