On April 22, 2020, Cullumber Enterprises purchased equipment for 5130,300. The company expects to use the equipment for 11,500 working hours during its 4-year life and that it will have a residual value of $13,000. Cullumber has a December 31 year end and pro-rates depreciation to the nearest month. The actual machine usage was: 1.500 hours in 2020.500 hours in 2021: 4,000 hours in 2022: 2.600 hours in 2023 and 1.100 hours in 2024 (a 1) Calculate depreciation expense for the life of the asset under straight line method. (Round answers to decimal places.es 5.276) Depreciation Expense 2020 S 2021 S 20225 2023 5 20245