Question 3 of 7 Current Attempt in Progress -/20 TE On April 22, 2020, Ivanhoe Enterprises purchased equipment for $133,500. 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 $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 2020: 2.500 hours in 2021:3,800 hours in 2022: 2,800 hours in 2023; and 1.200 hours in 2024. Calculate depreciation expense for the life of the asset under straight-line method. (Round answers to O decimal places, eg. 5,276) 2020 $ Depreciation Expense 2021 $ 2022 $ 2023 $ Type here to search ILI 15:40 -10C ENG 29-01-2022