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On April 22, 2020, Blossom Enterprises purchased equipment for $130,100. The company expects to use the equipment for 11,000 working hours during its 4-year life

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On April 22, 2020, Blossom Enterprises purchased equipment for $130,100. The company expects to use the equipment for 11,000 working hours during its 4-year life and that it will have a residual value of $8,000. Blossom has a December 31 year end and pro- rates depreciation to the nearest month. The actual machine usage was: 1.200 hours in 2020; 2,600 hours in 2021;4,000 hours in 2022; 2,500 hours in 2023; and 900 hours in 2024. (a 1) Your answer has been saved. See score details after the due date. Calculate depreciation expense for the life of the asset under straight-line method. (Round answers to decimal places, eg. 5,276.) Depreciation Expense 2020 $ 22,894 S 30 525 9 - 2021 Type here to search of ENG LS C Foto Ho 19 Debul End 10 Fin Pae 12. PUN 5 % A & 5 4 2 8 6 3 0 9 7 3 VA 12 Calculate depreciation expense for the life of the asset under straight-line method. (Round answers to decimal places, eg 5,276.) Depreciation Expense 2020 $ 22.894 2021 30.525 2022 $ 30,525 2023 $ 30,525 $ 7,631 2024 Type here to search HOP A ? & 9 8 0 VA 7 3 6 2 5 4 3. 7 2 D P O 1 U Y (a2) Calculate depreciation expense for the life of the asset under double diminishing-balance method. (Round answers to decimal places, eg. 5,276.) Depreciation Expense 2020 2021 2022 2023 $ Attempts:0 of 1 used Submit Armer Save for Later G C Type here to search 2 8 3 A & 7 6 P O

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