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 What is the depreciation expense per year? A What is the depreciation expense per month? A What is the depreciation expense in the year of purchase? A

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 yearend is December 31. Cost of equipment =66000 Useful life in years =3 Residual value =3000 Date purchased = February 1 What is the depreciation expense per year? A What is the depreciation expense per month? What is the depreciation expense in the year of purchase? A