On September 30, Milan Services purchased a copy machine for the amount of $39,300.

Milan Services expects the machine to last for 5 years and have a residual value of $1,900.

Compute depreciation expense on the machine for the year ended December 31, 2020, using the straight-line method.

Straight-line Method = (Cost-Residual Value)/Time

Straight-line Method = ($ `-` $ ) `/` ()

Depreciation amount = $

Box 1: Enter your answer as an integer or decimal number. Examples: 3, -4, 5.5172
Enter DNE for Does Not Exist, oo for Infinity

Box 2: Enter your answer as an integer or decimal number. Examples: 3, -4, 5.5172
Enter DNE for Does Not Exist, oo for Infinity

Box 3: Enter your answer as an integer or decimal number. Examples: 3, -4, 5.5172
Enter DNE for Does Not Exist, oo for Infinity

Box 4: Enter your answer as an integer or decimal number. Examples: 3, -4, 5.5172
Enter DNE for Does Not Exist, oo for Infinity