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2:00:31 On January 3, 2023, Xenex Innovations purchased computer equipment for $157,000. The equipment will be used in research and development activities for five years
2:00:31 On January 3, 2023, Xenex Innovations purchased computer equipment for $157,000. 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 $30,000. Assume actual usage in hours of: 2023 2,150 Year 2024 1,940 2023 2024 2025 2026 2027 2025 4,000 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 Expense 2026 3,140 2027 4,300 Book Value at December 31 Double-Declining-Balance Book Value at December 31 Depreciation Expense Units-of-Production Depreciation Book Value at Expense December 31
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