Purchased new restaurant equipment on September 1, 2018, for $11,000. Residual value at the end of an estimated 4-year service life is expected to be $1,500. Calculate depreciation expense using the straight-line method for 2018 and 2019, assuming a December 31 year-end.

David paid $975,000 for two beachfront lots in coastal south carolina, with the intention of building residential homes on each. two years later, the south carolina legislature passed the beachfront management act, barring any further development of the coast, including david's lots. when david files a complaint to seek compensation for his property, south carolina refuses, pointing to a passage in david's own complaint that states "the beachfront management act [was] properly and validly designed to south carolina's " is south carolina required to compensate david under the takings clause?