On April 22, 2023, Ivanhoe Enterprises purchased equipment for $133,500. The company expects to use the equipment for 12,000 working hours during its four-year life and that it will have a residual value of $13,500. Ivanhoe has a December 31 year end and pro-rates depreciation to the nearest month. The actual machine usage was: 1,900 hours in 2023; 2,500 hours in 2024; 3,800 hours in 2025; 2,800 hours in 2026; and 1,200 hours in 2027. (a1) Prepare a depreciation schedule for the life of the asset under the straight-line method. (Round partial-period depreciation rate to 4 decimal palces, e.g. 15.2563% and other answers to O decimal places, e.g. 5,276.) Year 2023 $ 2024 Depreciable Amount 120000 120000 X Depr. Rate = Depr. Expense Accum. Depr. % $ $ 20 % 2025 120000 | % 2026 120000 2027 120000 do % % do End of Year Carrying Amount 59 $ Sho ENC 2:1