15 depreciation

Calculate the amount of depreciation to report during the year ended December 31 for equipment that was purchased at a cost of $38,000 on October 1 . The equipment has an estimated residual value of $2,000 and an estimated useful life of five years or 20,000 hours. Required: Assume the equipment was used for 1,000 hours from October 1 to December 31 and the company uses (a) straight-fine, (b) doubledecining balance, or ( C ) units-of-production depreciation, (Do not round intermediote calculations.)