accounting
On March 31, 2021, Canseco Plumbing Fixtures purchased equipment for $62,000. Residual value at the end of an estimated fouryear service life is expected to be $6,000. The company expects the equipment to operate for 10,000 hours. The equipment operated for 3,800 and 4,600 hours in 2021 and 2022, respectively. Required: 3. Calculate depreciation expense for 2021 and 2022 using straight-line method. b. Calculate depreciation expense for 2021 and 2022 using double-declining-balance method. c. Calculate depreciation expense for 2021 and 2022 using units-of-production using hours operated. Complete this queell'on by entering your answer: in the tab! below. I ReqUired A l- - Calculate depreciation expense for 2021 and 2022 using straight-line method. mI Required B > On March 31, 2021, Canseco Plumbing Fixtures purchased equipment for $62,000. Residual value at the end of an estimated four-year service life is expected to be $6,000. The company expects the equipment to operate for 10,000 hours. The equipment operated for 3,800 and 4,600 hours in 2021 and 2022, respectively. Required: 3. Calculate depreciation expense for 2021 and 2022 using straightline method. b. Calculate depreciation expense for 2021 and 2022 using double-decliningbalance method. c. Calculate depreciation expense for 2021 and 2022 using unitsofproduction using hours operated. Complete this question by entering your answerl in the title below. Required A Required B Required C Calculate depreciation expense for 2021 and 2022 using double-declining-balanee method. IIl__ Amountfor2021 l-lH On March 31, 2021, Canseco Plumbing Fixtures purchased equipment for $62,000. Residual value at the end of an estimated four-year service life is expected to be $6,000. The company expects the equipment to operate for 10,000 hours. The equipment operated for 3,800 and 4,600 hours in 2021 and 2022, respectively. Required: a. Calculate depreciation expense for 2021 and 2022 using straight-line method. b. Calculate depreciation expense for 2021 and 2022 using double-decliningbalance method. c. Calculate depreciation expense for 2021 and 2022 using units-ofproduction using hours operated. Complete this question by entering your answers in the tabs below. Required A Required B Required C Calculate depreciation expense for 2021 and 2022 using units-of-production using hours operated. (Round "Depreciation per machine hour" answers to 2 decimal places.) Calculate 2021 depreciation expense: Depreciation per machine hour Machine hours in 2021 Depreciation in 2021 Calculate 2022 depreciation expense: Depreciation per machine hour Machine hours in 2022 Depreciation in 2022
