Deland Company purchased equipment on March 1, 2009, for $130,000. The residual value is $40,000 and the estimated life is 10 years or 60,000 hours. Compute depreciation expense for the year ending December 31, 2009, if the company uses the straight- line method of depreciation.

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The Answer of Deland Company purchased equipment on March 1, 2009, for $130,000. The residual value is $40,000 and the estimated life is 10 years or 60,000 hours. Compute depreciation expense for the year ending December 31, 2009, if the company uses the straight- line method of depreciation.

Deland Company Purchased Equipment on March 1, 2009, for $130,000