Calculate the amount of depreciation to report during the year ended December 31 for equipment that was purchased at a cost of

$74,000 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.

Assume the equipment was used for 1,000 hours from October 1 to December 31 and the company uses (a) straight-line, (b) double-

declining-balance, or (c) units-of-production depreciation. (Do not round intermediate calculations.)

Calculate the amount of depreciation to report during the year ended December 31 for equipment that was purchased at a cost of $74,000 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 Assume the equipment was used for 1000 hours from October 1 to December 31 and the company uses () straight-line. (6) double- declining balance, or (c) units-of-production depreciation (Do not round intermediate calculations.) Depreciation (0) Straight-Line b) Double Dedining-Balance () Units of Production