Wildhorse Company acquires equipment at a cost of $38,500 on January 3, 2021. Management estimates the equipment will have a residual value of $5,500 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 equipments life. (Do not leave any answer field blank. Enter 0 for amounts.)

Depreciation - 2021	$enter a dollar amount
Depreciation - 2022	$enter a dollar amount
Depreciation - 2023	$enter a dollar amount
Depreciation - 2024	$enter a dollar amount