Brief Exercise 11-3 (Static) Depreciation methods; partial periods (L011-2] On March 31, 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. The equipment operated for 2,200 and 3,000 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, Required A Required B Required Calculate depreciation expense for 2021 and 2022 using straight-line method. Straight-Line Depreciation Choose Numerator: 1 Choose Denominator: Annual Depreciation Formula 11 Beginning Book Value Double the Straight-Line Rate Annual Depreciation Amount Year 2021 X Annual Depreciation = Fraction of Year Depreciation Expense 11 0 X 2022 7,000 $ $ Required A Required B > Required A Required B Required Calculate depreciation expense for 2021 and 2022 using double-declining-balance method. Double-Declining-Balance Method Choose Numerator: * Choose Denominator: * Fraction of Year = Depreciation Expense Formula Fraction of Year = Depreciation Expense Amount for 2021 % x Amount for 2022 % x Required A Required B Required 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: 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