1. On January 1, Super Saver Groceries, purchased store equipment for $29,500. Super Saver estimates that at the end of its 10 -year service life, the equipment will be worth $3,500. During the 10 -year period, the company expects to use the equipment for a total of 13,000 hours. Super Saver used the equipment for 1,700 hours the first year. Required: a. Using the straight-line method, calculate depreciation expense for the first, second, and third year, assuming a December 31 year-end. b. Calculate the "book value" at the end of the third year. 2. Togo's Sandwiches acquired equipment of April 1, 2024 for $18,000. The company estimates a residual value of $2,000 and a five-year service life. Required: a. Calculate depreciation for 2024 and 2025, assuming a December 31 year-end. b. Record in accounting equation format (as we've been doing in class), the adjusting entry for depreciation for 2024 and 2025. c. Calculate the "book value" of the equipment as of December 31,2025