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 = 250000; Useful life in years = 8; Residual value = 5200; Date purchased = June 1. (1) What is the depreciation expense per year? Answer 1 Question 19 (2) What is the depreciation expense per month? Answer 2 Question 19 (3) What is the depreciation expense in the year of purchase? Answer 3 Question 19