Mean Beans, a local coffee shop, has the following assets on January 1, 2023. Mean Beans prepares annual financial statements and has a December 31, 2023 year-end. The company’s depreciation policy is to use the straight-line method to depreciate its assets. On January 1, 2023, purchase equipment costing $20,300 with an estimated life of five years. Mean Beans will scrap the equipment after five years for $0.On July 1, 2023, purchase furniture (tables and chairs) costing $13,000 with an estimated life of ten years. Mean Beans estimates that it can sell the furniture for $2,900 after ten years.On January 1, 2021, Mean Beans had purchased a car costing $26,500 with an estimated life of eight years. Mean Beans estimates that it can sell the car for $5,300 after eight years.

It seems like you haven't asked a specific question. However, I can help you calculate the depreciation for each asset.

1. Equipment: The cost of the equipment is $20,300 and it has a useful life of 5 years. Since the equipment will be scrapped for$0, the salvage value is $0. Using the straight-line method, the annual depreciation is (Cost - Salvage Value) / Useful Life = ($20,300 - $0) / 5 =$4,060. So, the equipment will depreciate by $4,060 each year.

2. Furniture: The cost of the furniture is $13,000 and it has a useful life of 10 years. The salvage value is$2,900. Using the straight-line method, the annual depreciation is (Cost - Salvage Value) / Useful Life = ($13,000 -$2,900) / 10 = $1,010. However, since the furniture was purchased on July 1, 2023, it will only be used for half of the year. So, the depreciation for 2023 is$1,010 / 2 = $505.

3. Car: The cost of the car is $26,500 and it has a useful life of 8 years. The salvage value is$5,300. Using the straight-line method, the annual depreciation is (Cost - Salvage Value) / Useful Life = ($26,500 -$5,300) / 8 = $2,650. However, since the car was purchased on January 1, 2021, it has already been used for 2 years by the start of 2023. So, the book value of the car at the start of 2023 is Cost - 2 years of Depreciation =$26,500 - 2*$2,650 =$21,200. The depreciation for 2023 is still $2,650.