Calculate the amount of depreciation to report during the year ended December 31 for equipment that was purchased at a cost of $86,000 on October 1 . The equipment has an estimated residual value of $2,000 and an estimated useful life of five years or 20,000 hours: Required: Assume the equipment was used for 1,000 hours from October 1 to December 31 and the company uses (a) straight-line, (b) doubledeclining-balance, or ( c units-of-production depreciation. (Do not round intermediate calculations.)