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please answer On April 22, 2020, Oriole Enterprises purchased equipment for $134,000. The company expects to use the equipment for 11,000 working hours during its
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On April 22, 2020, Oriole Enterprises purchased equipment for $134,000. 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 $13,000. Oriole has a December 31 year end and pro- rates depreciation to the nearest month. The actual machine usage was: 1,700 hours in 2020; 2,600 hours in 2021;3,500 hours in 2022; 2,700 hours in 2023; and 700 hours in 2024. Calculate depreciation expense for the life of the asset under straight-line method. (Round answers to 0 decimal places, e.g. 5,276.) Depreciation Expense 2020 $ 2021 $ ho 2022 TA 2023 $ 2024 $ 22C Cloudy
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