Use the following to answer Questions 18.19 & 20 (Calculation of depreciation expense under straight-line, double-declining-balance and units-of-activity) On January 1, 2020, a company purchased factory equipment for $174.000. It is estimated that the equipment will have a $12,475 salvage value at the end of its estimated 5-year useful life and is expected to be used for 65,000 hours. The hourly usage by year is: 2020 2021 17,000 16,000 15,000 9,000 2022 2023 2024 8,000 Assume that the company uses the units-of-activity method of depreciation. Rounding the depreciable rate to 3-decimal places, what amount of depreciation expense would be recorded for the fiscal year ending December 31, 2021? Do not enter a $ sign but watch the dates