Question 4 of 5 < > View Policies -16 E Current Attempt in Progress Sandhill Company acquires equipment at a cost of $37,800 on January 3, 2021. Management estimates the equipment will have a residual value of $5,400 at the end of its 4-year useful life. Assume that the company uses the diminishing-balance method and that the diminishing-balance depreciation rate is double the straight-line rate. Calculate the depreciation expense for each year of the equipment's life. (Do not leave any answer field blank. Enter O for amounts.) Depreciation-2021 $ Depreciation-2022 $ Depreciation - 2023 $ Depreciation-2024 $ eTextbook and Media Save for Later Attempts: 0 of 3 used Submit Answer