Reference no: EM132472201

On April 22, 2016, Cullumber Enterprises purchased equipment for $132,000. The company expects to use the equipment for 11,500 working hours during its 4-year life and that it will have a residual value of $13,000. Cullumber has a December 31 year end and pro-rates depreciation to the nearest month.

The actual machine usage was:

1,500 hours in 2016;

2,500 hours in 2017;

4,000 hours in 2018;

2,600 hours in 2019; and

1,200 hours in 2020.

Question 1: Calculate depreciation expense for the life of the asset under double diminishing-balance method. (Round answers to 0 decimal places, e.g. 5,276.)