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On January 1, 2024, Canseco Plumbing Fixtures purchased equipment for $42,000. Residual value at the end of an estimated 4 year service life is expected to be $14,000. The company expects the equipment to operate for 13,000 tiours. Required: a. Calculate depreclation expense for 2024 and 2025 using sum-of-the-years'-digits, assuming the equipment was purchased on January 1. 2024. b. Calculate depreciation expense for 2024 and 2025 using sum-of-the-years' digits, assuming the equipment was purchased on March 31, 2024. Complete this question by entering your answers in the tabs below. Calculate depreciation expense for 2024 and 2025 using sum-of-the-years'-digits, assuming the equipment was purchased on lanuary 1,2024. On January 1, 2024, Canseco Plumbing Fixtures purchased equipment for $42.000. Residual value at the end of an estimated 4 year service life is expected to be $11,000. The company expects the equipment to operate for 13,000 hours. Required: a. Catculate depreciation expense for 2024 and 2025 using sum-of-the-years'-digits, assuming the equipment was purchased or January 1, 2024. b. Calculate depreciation expense for 2024 and 2025 using sum-of-the-years-digits, assuming the equipment was purchased on March 31, 2024. Complete this question by entering your answers in the tabs below. Calculate depreciation expense for 2024 and 2025 using sum-of-the-years'-digits, assuming the equipment was purchased on March 31,2024