5. What pattern is clear for the annual depreciation expense under the straight line method? Depreciation expenses are all $2,400 6. What would change if the equipment was purchased on July 1 instead of January 1? 7. Create an updated chart to reflect equipment purchased on July 1. Ye ar Opening Value Depreciation Expense Net Book Value Double Declining Balance Method-Commercial Lawn Mower: Acquired January 1. Purchased for $14,000; salvage value is $2,000. Useful life is 5 years