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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: 2.000 hours in 2021 3.500 hours in 2022:2,800 hours in 2023; and 800 hours in 2024 (1) Calculate depreciation expense for the wife of the asset under straight-line method. (Round answers to decimal places, . 5.276) Depreciation Expense 2020 $ 2021 $ 2022 5 2023 S 2024 $

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