Brief Exercise 11-2 (Algo) Depreciation methods [LO11-2] On January 1, 2021, Canseco Plumbing Fixtures purchased equipment for $56,000. 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 15,000 hours. The equipment operated for 3.500 and 4.300 hours in 2021 and 2022, respectively. Required: a. Calculate depreclation expense for 2021 and 2022 using stralght-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 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.) Select formula for Units of Production Depreciation: (Cost - Residual) /Useful life in periods 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 Depr ion in 2022