1. The company purchased the equipment on October 1, 20x1 for $100,000, and estimated that the equipment will use for 5 years and has a residual value of $2,000. The equipment has the following capacity: 10,000 service hours. December 31 is the reporting date. The equipment provided 700 and 2,300 service hours in 20X1 and 20X2, respectively. Required (6 marks): Calculate depreciation expense for 20X1 and 20X2 using different methods in the following table Straight-line Double-declining- balance Activity method 20X1 20X2