Chi 4 14 Calculate the amount of depreciation to report during the year ended December 31 for equipment that was purchased at a cost of $39.000 on October 1 The equipment has an estimated residual value of $3,000 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 straight-ine. (double- declining balance or (unt of production depreciation (Do not round Intermediate cautations.) w Double De Balance of Production