Your answer is partially correct. Try again. Butters Company acquires equipment at a cost of $42,090. Assume the equipment was purchased on April 6, 2014, and that the company pro-rates depreciation to the nearest month. Management estimates the equipment will have a residual value of $5,620 at the end of its 4 year useful life. (a) Using the straight-line method, calculate the depreciation expense for each year of the equipment's life. (Round answers to o decimal places, e.g. 5,275.) dy Depreciation - 2014 Depreciation - 2015 J 9 118 Depreciation - 2016 9118 Depreciation - 2017 I 9118 Depreciation - 2018 (b) Using the straight-line method, calculate the depreciation expense in total over the equipment's life. Total depreciation over the equipment's life 36472