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Sunland Company acquires equipment at a cost of $36,400 on January 3, 2021. Management estimates the equipment will have a residual value of $5,200 at

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Sunland Company acquires equipment at a cost of $36,400 on January 3, 2021. Management estimates the equipment will have a residual value of $5,200 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 for amounts) Depreciation - 2021 $ Depreciation - 2022 $ Depreciation - 20235 Depreciation - 2024 $

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