Hiller Carbon Fiber purchases new manufacturing equipment on January 1, 20X1, for $96,000. The equipment is expected to produce 20,000 units and have a $12,000 residual value. Assume that the company applies the activity depreciation method and creates the following number of units in a given year: 2,000 units in 20X1, 8,000 units in 20X2, 7,000 units in 20X3, and 4,000 units in 20X4. Record each years depreciation expense. Round your depreciation rate to the nearest penny. Please copy and paste the blank table below into your answer field and type in the necessary information.

Year	Depreciation Expense
20X1
20X2
20X3
20X4