BE 11-3 Depreciation methods; partial periods LO11-2 Refer to the situation described in L BE 11-2. Assume the equipment was purchased on March 31, 2021, instead of January 1. Calculate depreciation expense for 2021 and 2022 using each of the following depreciation methods: (1) straight line, (2) double-declining balance, and (3) units-of-production using hours operated. Page 619 BE 11-2 Depreciation methods LO11-2 On January 1, 2021, Canseco Plumbing Fixtures purchased equipment for $30,000. Residual value at the end of an estimated four-year service life is expected to be $2,000. The company expects the equipment to operate for 10,000 hours. Calculate depreciation expense for 2021 and 2022 using each of the following depreciation methods: (1) straight line, (2) double-declining balance, and (3) units-of-production using hours operated. The equipment operated for 2,200 and 3.000 hours in 2021 and 2022, respectively. BE 11-3 Depreciation methods; partial periods LO11-2 Refer to the situation described in L BE 11-2. Assume the equipment was