Answer:Depreciation expense for the year ended December 31=$3, 100
Explanation:
Depreciation expense for the year using straight line depreciation is given as
First, we calculate the Annual Depreciation
Annual Depreciation = Purchase cost - Residual value/ Number of years
= $98,000 - $5,000 / 10
$93,000 /10
$9300.
Annual depreciation = $9,300,
Therefore, Depreciation expense for year ended December 31.
Annual Depreciation x Period of usage
$9,300 x 4/12 ( September to December
Depreciation expense=$3, 100
