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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: 1500 hours in 2020:2600 hours in 2021; 3.500 hours in 2022:2.800 hours in 2023 and 800 hours in 2024 Calculate a depreciation expense for the life of the asset under units of production method. (Round unit rate to 2 decimal places, s 2.25 and final answers to decimal places 5.2 Depreciation Expense 2020 $ 2021 $ 2022 $ 2023 $ 2024 $

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