Brief Exercise 11-2 (Static) Depreciation methods [LO11-2] On January 1, 2024, 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. The equipment operated for 2,200 and 3,000 hours in 2024 and 2025, respectively. Required: a. Calculate depreciation expense for 2024 and 2025 using straight-line method. b. Calculate depreciation expense for 2024 and 2025 using double-declining-balance method. c. Calculate depreciation expense for 2024 and 2025 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 2024 and 2025 using straight-line method. Choose Numerator: Formula Amounts Annual Depreciation 2024 2025 Straight-Line Depreciation Choose Denominator: Annual Depreciation = Annual Depreciation = 0