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 = 66000 Useful life in years = 3 Residual value = 3000 Date purchased = February 1

1.What is the depreciation expense per year? 2.What is the depreciation expense per month? 3.What is the depreciation expense in the year of purchase?