Carla Vista Company acquires equipment at a cost of $45,500 on January 3, 2021. Management estimates the equipment will have a residual value of $6,500 at the end of its 4-year useful life. Assume that the company uses the diminishing-balance method and that the diminishing balance depreciation rate is double the straight-line rate. Calculate the depreciation expense for each year of the equipment's life. (Do not leave any answer field blank. Enter o for amounts.) Depreciation - 2021 $ Depreciation - 2022 $ Depreciation - 2023 $ Depreciation - 2024 $ Attempts: 0 of 1 used Submit. Answer Save for Later