a) Calculate depreciation expense for the life of the asset under straight-line method.

b) Calculate depreciation expense for the life of the asset under double diminishing balance method

Question 14 On April 22, 2020, Oniole Enterprises purchased equipment for $133,600. The company expects to use the equipment for 11,500 working hours during its 4-year life and that will have a residual value of $14,000 Oriole has a December 31 year end and pro-rates depreciation to the nearest month. The actual machine usage was: 1,500 hours in 2020; 2,800 hours in 2021: 3,500 hours in 2022; 2,800 hours in 2023; and 1,100 hours in 2024 Calculate depreciation expense for the We of the asset under straight-line method. (Round answers to decimal places, e. 5.276.) Depreciation Expense 2020 2021 2022 $ 2023 2024 LINE TO TEXT