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 $=300000$Useful life in years $=4$Residual value $=12000$Date purchased $=$ June $1$What is the depreciation expense per year? What is the depreciation expense per month? What is the depreciation expense in the year of purchase?Previous PageNext Page