A company that uses accrual-basis accounting purchased equipment on july 1 of the current year for $20,000. the company expects to use the equipment consistently for four years, and will record ______

A company that uses accrual-basis accounting purchased equipment on july 1 of the current year for $20,000. the company expects to use the equipment consistently for four years, and will record ________ depreciation in its december 31 financial statements.