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On April 22, 2020, Crane Enterprises purchased equipment for $144,900. 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, Crane Enterprises purchased equipment for $144,900. 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 $14,000. Crane has a December 31 year end and pro-rates depreciation to the nearest month. The actual machine usage was: 1,500 hours in 2020; 2,600 hours in 2021; 3,500 hours in 2022; 2,800 hours in 2023; and 800 hours in 2024. 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 $ 21,817 2021 $ 32725 2022 $ 32.725 2023 $ 32.725 2024 $ 10.908 Calculate depreciation expense for the life of the asset under double diminishing-balance method. (Round answers to O decimal places, eg. 5,276.) Depreciation Expense 2020 $ 2021 $ 2022 $ 2023 e Textbook and Media Calculate a depreciation expense for the life of the asset under units-of-production method. (Round unit rate to 2 decimal places, eg. 2.25 and final answers to O decimal places, e.g. 5,276.) Depreciation Expense 2020 ta $ 2021 $ 2022 $ $ 2023 GA $ 2024 $ e Textbook and Media Question 4 of 6

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