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On July 31,2024, Rural Tech Support purchased a copy machine for $35,700. Rural Tech Support...

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Accounting

On July 31,2024, Rural Tech Support purchased a copy machine for $35,700. Rural Tech Support expects the machine to last for three years and have a residual value of $1,500. Compute depreciation expense on the machine for the year ended December 31,2024, using the straight-line method.
Begin by selecting the formula to calculate the company's depreciation expense on the machine for the year ended December 31,2024. Then enter the amounts and calculate the depreciation expense. (Do not round intermediary calculations. Only round the amount you input for straight-line depreciation to the nearest dollar.)
[(1-)]12)=
Straight-line
depreciation depreciation
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