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On April 2, 2014, Victor, Inc. acquired a new piece of filtering equipment. The cost...

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Accounting

On April 2, 2014, Victor, Inc. acquired a new piece of filtering equipment. The cost of the equipment was $160,000 with a residual value of $20,000 at the end of its estimated useful lifetime of 4 years.

Assume that in its financial statements, Victor uses straight-line depreciation and rounds depreciation for fractuonal years to the nearestt whole month. Depreciation recognized on this equipment in 2014 and 2015 will be:

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