Brief Exercise 11-3 (Algo) Depreciation methods; partial periods [LO11-2] On March 31, 2021, Canseco Plumbing Fixtures purchased equipment for $48,000. Residual value at the end of an estimated four-year service life is expected to be $6,000. The company expects the equipment to operate for 12,000 hours. The equipment operated for 3,100 and 3,900 hours in 2021 and 2022, respectively. Required: a. Calculate depreciation expense for 2021 and 2022 using straight-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) / Total units of production 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 Depreciation in 2022 Brief Exercise 11-3 (Algo) Depreciation methods; partial periods [LO11-2] On March 31, 2021, Canseco Plumbing Fixtures purchased equipment for $48,000. Residual value at the end of an estimated four-year service life is expected to be $6,000. The company expects the equipment to operate for 12,000 hours. The equipment operated for 3,100 and 3,900 hours in 2021 and 2022, respectively. Required: a. Calculate depreciation expense for 2021 and 2022 using straight-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 double-declining-balance method. Double-Declining-Balance Method * Choose Denominator: Double the Straight-line Rate Choose Numerator: Beginning Book Value x Fraction of Year = Depreciation Expense Fraction of Year Depreciation Expense Formula x Amount for 2021 $ 48,000 x 50 % 9/12 $ 18,000 Amount for 2022 50 % 12/12 =