1 On January 3, 2020, Xenex Innovations purchased computer equipment for $145,000. The equipment will be used in research and development activities for five years or a total of 10,000 hours and then sold for about $24,000 Assume actual usage in hours of: 2020 1,850 2021 1,880 2023 2022 3,400 3,080 2024 3,700 00:59:38 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 Depreciation Book Value at Expense December 31 Double-Declining-Balance Units-of-Production Depreciation Book Value at Depreciation Book Value at Expense December 31 Expense December 31 Year 2020 2021 2022 2023 2024 Analysis Component Which method will result in the greatest a. Total assets being reported on the balance sheet in 20202 in 20232