Calculate the depreciation expense of the equipment

Reference no: EM13298090

A piece of equipment has an initial cost of $16,000 and a total life span of 3 years. At the end of year 1 the piece of equipment is worth $15,000 and at the end of year 2 $13,000, and at the end of the third and final year the salvage value is equal to $9,000.Applying the straight line depreciation, calculate the depreciation expense of the equipment.

Reference no: EM13298090

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