Question: Current Attempt in Progress On April 22, 2020, Crane Enterprises purchased equipment for $142.360. The company expects to use the equipment for 11,550 working hours

equipment for $142.360. The company expects to use the equipment for 11,550

Current Attempt in Progress On April 22, 2020, Crane Enterprises purchased equipment for $142.360. The company expects to use the equipment for 11,550 working hours during its 4-year life and that it will have a residual value of $13,000 Crane has a December 31 year end and pro-rates depreciation to the nearest month. The actual machine usage was: 1.700 hours in 2020:2,700 hours in 2021:3.600 hours in 2022; 2.700 hours in 2023; and 1.050 hours in 2024 Calculate depreciation expense for the life of the asset under double diminishing-balance method. (Round answers to 0 decimal places, eg, 5.276) Depreciation Expense 2020 $ 2021 $ 2022 $ 2023 S

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