Whispering Winds Corp. purchased equipment on January 1, 2021 for $112,500. It is estimated that the equipment will have a $6,250 salvage value at the end of its 5-year useful life. It is also estimated that the equipment will produce 125,000 units over its 5-year life. Answer the following independent questions. (a). Compute the amount of depreciation expense for the year ended December 31, 2021 using the straight-line method of depreciation. Straight-line method per year

Whispering Winds Corp. purchased equipment on January 1,2021 for $112,500. It is estimated that the equipment will have a $6,250 salvage value at the end of its 5 -year useful life. It is also estimated that the equipment will produce 125,000 units over its 5 -year Hife. Answer the following independent questions. (a) Compute the amount of depreciation expense for the vear ended December 31,2021 using the straight-line method of depreciation