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Wilson Co. purchased equipment on Jan 1, 2019, for $48,000. The equipment has a useful life of 5 years, a residual value of $3,000 and

Wilson Co. purchased equipment on Jan 1, 2019, for $48,000. The equipment has a useful life of 5 years, a residual value of $3,000 and was depreciated for 2 full years using the sum-of-the-years'-digits method. One Jan. 1, 2021, Wilson changed to the straight-line method. How much depreciation expense should be recorded on Dec. 31, 2021?

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