Waterworld company purchased equipment on 07/10/2020 for $10,000. They estimate the salvage value to be $2,500 with a useful life of 6 years. The company has elected to use the 1.5 Declining Balance method. Round all Depreciation Expense amounts to the nearest dollar. Lively Suggestion: Work out on paper or whiteboard the entire depreciation schedule, then answer the questions using your work. Question 1 0.25 pts How many months should be expensed the first year? O 5 O 7 O 12 06 Question 3 0.5 pts How much depreciation expense should be recorded for year 1 (2020)? (rounded to the nearest dollar) Enter your answer with no commas (they will show automatically), no pennies, no spaces, no dollar signs. Question 4 0.5 pts How much depreciation expense should be recorded for year 4 (2023)? (rounded to the nearest dollar) Enter your answer with no commas (they will show automatically), no pennies, no spaces, no dollar signs. Question 5 0.5 pts How much depreciation expense should be recorded for year 6 (2025)? (rounded to the nearest dollar) Enter your answer with no commas (they will show automatically), no pennies, no spaces, no dollar signs