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Use the information below to answer the questions that follow. Enter your answers using digits only - no dollar signs, commas, or decimal points. The

Use the information below to answer the questions that follow. Enter your answers using digits only - no dollar signs, commas, or decimal points. The business's year-end is December 31.

Cost of equipment = 76000 Useful life in years = 10 Residual value = 4000 Date purchased = February 1

What is the depreciation expense per year?

What is the depreciation expense per month?

What is the depreciation expense in the year of purchase?

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