Jasmine Company purchased equipment on January 1, 20x1. This is the only equipment that Jasmine company owns, and it has the following information

When required, round your answers to the nearest dollar.
Jasmine Company would report $ of depreciation expense in its December 31, 20x1 income statement, and $ of depreciation expense in its December 31, 20x2 income statement.

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Initial cost Estimated residual value Expected useful life Total estimated hours of useful life Depreciation Method Hours operated during 20x1 Hours operated during 20x2 S199,230 S10,430 10 18,480 Double-Declining Balance 2,260 2,080 years hours