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22 West & North, a local scissor company, purchased equipment on May 1,2021,...

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Accounting

22
West & North, a local scissor company, purchased equipment on May 1,2021, for $12,000. The salvage value of the equipment was $4,000 after an estimated eight-year useful life.
5
Calculate depreciation expense using the straight-line method for 2021 and 2022, assuming a December 31 year-end. (Do not round your intermediate calculations. Round your final answers to the nearest whole dollar.)
points
(80125333
\table[[Year,\table[[Depreciation],[Expense]]],[2021,],[2022,]]
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