Question 4 of 7 > -/12 15 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 decimal places, eg,5,276) Depreciation Expense 2020 5 2021 $ 2022 $ 2023 $ 2024 $ Question 4 of 7 - / 12 111 Calculate depreciation expense for the life of the asset under double diminishing-balance method. (Round answers to decimal ploces, 25. 5.276) Depreciation Expense 2020 $ 2021 $ > 2022 $ 2023 $ Question 4 of 7 > -112 Calculate a depreciation expense for the life of the asset under units-of-production method. (Round unit rate to 2 decimal places, es 2.25 and final answers to decimal places, es 5,276) Depreciation Expense 2020 2021 $ 2022 $ 2023 $ 2024 $ Question 4 of 7 -112 III Which method results in the lowest profit over the life of the asset? eTextbook and Media Is Which method results in the least cash used for depreciation over the life of the asset? e Textbook and Media