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Check On January 1, 2021. Canseco Plumbing Fixtures purchased equipment for $38,000 Residual value at the end of an estimated 7 year service life is

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Check On January 1, 2021. Canseco Plumbing Fixtures purchased equipment for $38,000 Residual value at the end of an estimated 7 year service life is expected to be $10,000. The company expects the equipment to operate for 12.000 hours Required: a. Calculate depreciation expense for 2021 and 2022 using sum-of-the-years-digits assuming the equipment was purchased on January 1, 2021 b. Calculate depreciation expense for 2021 and 2022 using sum of the years'-digits assuming the equipment was purchased on March 31, 2021 Complete this question by entering your answers in the tabs below. Required A Required Calculate depreciation expense for 2021 and 2022 using sum of the years digits assuming the equipment was purchased on January 1, 2021 Sumothereas dos dociation Depreciable Rate per Depreciation Base Yoad Expense 2 2021 2022

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