22) Equipment purchased at the beginning of the fiscal year for $385,000 is expected to have a useful life of 5 years, or 12,000 operating hours, and a residual/salvage/scrap value of $20,000. Compute the depreciation for the first year of use by each of the following methods: (a) straight-line (b) units-of-production (1,300 hours first year) (c) double-declining-balance