On April 22, 2020, Sheridan Enterprises purchased equipment for $136,200. The company expects to use the equipment for 12,000 working hours during its 4 year life and that it will have a residual value of $15,000. Sheridan has a December 31 year end and pro-rates depreciation to the nearest month. The actual machine usage was: 1.700 hours in 2020: 2.500 hours in 2021:3,900 hours in 2022: 2,800 hours in 2023; and 1,300 hours in 2024 (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, s. 5.276) Depreciation Expense 2020 $ 20200 2021 $ 30300 2022 $ 30300 2023 $ 30300 2024 $ 10100 ENG 105 AM Calculate depreciation expense for the life of the asset under double diminishing-balance method. (Round answers to O decimal places, os 5.276) Depreciation Expense 2020 $ 2021 s 2022 $ 2023 S