Emir Company purchased equipment that cost $110,000 cash on January 1,2015.The equipment had an expected useful life of six years and an estimated salvage value of $8,000.Assuming that Emir depreciates its assets under the straight-line method,the amount of depreciation expense appearing on the 2018 income statement and the amount of accumulated depreciation appearing on the December 31,2018 balance sheet would be:

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The Answer of Emir Company purchased equipment that cost $110,000 cash on January 1,2015.The equipment had an expected useful life of six years and an estimated salvage value of $8,000.Assuming that Emir depreciates its assets under the straight-line method,the amount of depreciation expense appearing on the 2018 income statement and the amount of accumulated depreciation appearing on the December 31,2018 balance sheet would be:

Emir Company Purchased Equipment That Cost $110,000 Cash on January