1 Exercise 9-8 Alternative depreciation methods LO2 On January 3, 2020, Xenex Innovations purchased computer equipment for $149,250. The equipment will be used in research and development activities for five years or a total of 8,500 hours and then sold for about $26,000. Assume actual usage in hours of: 00:51:39 2020 1,950 2021 1,900 2022 3,600 2023 3,100 2024 3,900 Book Required: Calculate depreciation expense and book values for each year of the equipment's life for each method of depreciation using the table provided below. Xenex's year-end is December 31. (Do not round intermediate calculations.) Straight-Line Double-Declining-Balance Depreciation Year Expense Book Value at December 31 Depreciation Expense Units-of-Production Book Value at December 31 Depreciation Expense Book Value at December 31 2020 2021 2022 2023 2024