51 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 2022 3,400 2023 3,080 2024 3,700 01:58:03 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.) Year Straight-Line Double Declining-Balance Units-of-Production Depreciation Book Valceat Depreciation Book Value at Depreciation Book Value at Expense December 31 Espense December 31 Expanse December 31 2020 2021 2022 2023 2024 a. Total assets being reported on the balance sheet in 2020? in 2023? 1 Depreciation Method 2020 2023 1:57:19 b. Operating expenses being reported on the income statement in 2020? in 2023? Depreciation Method 2020