Alladin Company purchased a large piece of equipment on October 1, 2023. The following information relating to the equipment was gathered at the end of October:

Price $60,000

Credit terms 2/10, n/30

Engineering costs $5,800

Maintenance costs during regular production operations $7,700

It is expected that the equipment could be used for 12 years, after which the salvage value would be zero. Alladin intends to use the equipment for only 10 years, however, after which it expects to be able to sell it for $3,000. The equipment was delivered on October 1 and the invoice for the equipment was paid on October 9, 2023. Alladin uses the calendar year to prepare financial statements. Alladin follows IFRS for financial statement purposes.

InstructionsCalculate the depreciation expense for the years indicated using the following methods. (Do not round intermediate calculations but round final amounts to the nearest dollar.)

Straight-line method for 2023 Sum-of-the-years-digits method for 2024 Double-declining-balance method for 2023