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You purchase equipment for $97,576. This cost will be depreciated straight-line to zero over the projects 6-year life. Based on past information, you believe that

You purchase equipment for $97,576. This cost will be depreciated straight-line to zero over the projects 6-year life. Based on past information, you believe that you can sell the equipment for 19,282 when you are done with it in 6 years. The companys marginal tax rate is 21%.

Calculate the amount of depreciation per year.

Round your answer to 2 decimal places (e.g. 125.74632 = 125.75).

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