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1. On April 22, 2020, Sunland Enterprises purchased equipment for $137,200. The company expects to use the equipment for 11,500 working hours during its 4-year

1. On April 22, 2020, Sunland Enterprises purchased equipment for $137,200. The company expects to use the equipment for 11,500 working hours during its 4-year life and that it will have a residual value of $13,000. Sunland has a December 31 year end and pro-rates depreciation to the nearest month. The actual machine usage was: 1,600 hours in 2020; 2,700 hours in 2021; 3,600 hours in 2022; 2,500 hours in 2023; and 1,300 hours in 2024. (a1) Calculate depreciation expense for the life of the asset under straight-line method. (Round answers to 0 decimal places, e.g. 5,276.)

Depreciation Expense 2020 $ 2021 $ 2022 $ 2023 $ 2024 $

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