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 $161,000. It is estimated that the equipment will have a $5,480 salvage value at the end of its estimated 5-year useful life and is expected to be used for 60,000 hours. The hourly usage by year is: 2020 12.000 2021 2022 14,000 15,000 13,000 6,000 2023 2024 Assume that the company uses the straight-line method of depreciation. 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 Use the following to answer Questions 18.12.20 (Calculation of depreciation expense under straight-line, double declininy balance and units-of-activity On January 1, 2020, a company purchased factory equipment for $161.000. It is estimated that the equipment will have a $5,480 salvage value at the end of its estimated 5-year useful life and is expected to be used for 60.000 hours. The hourly usage by year is: 2020 2021 12,000 14,000 15,000 2022 2023 13,000 2024 6,000 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 Use the followins to answer Questions 18. 19.6.20 Calculation of depreciation expense under straight-line, double-declining-balance and units-of-activity On January 1, 2020, a company purchased factory equipment for $161,000. It is estimated that the equipment will have a $5,480 salvage value at the end of its estimated 5-year useful life and is expected to be used for 60,000 hours. The hourly usage by year is: 2020 12,000 2021 2022 14,000 15,000 13,000 6,000 2023 2024 Assume that the company uses the double-declining-balance method of depreciation. 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