Calculate depreciation expense of the equipement for the first year, using each of the following methods.

Required informetion TThe following information applies to the questions displayed below] On January 1, Save More Groceries purchased store equipment for 519,000,5ave More estimates that at the end of its 10 -year service life, the equipment will be worth $2,000 During the 10 -year period, the company expects to use the equipment for a total of 10.000 hours. Save More used the equipment for 1.550 hours the first year. Required: Calculate depreciation expense of the equipment for the first year, using each of the following methods, (Do not round your intermediste colculations.) 1. Strakght-line