Exercise 11-06 Z Your answer is partially correct. Waterway Company purchased equipment for $301,200 on October 1, 2020. It is estimated that the equipment will have a useful life of 8 years and a salvage value of $13,200. Estimated production is 45,000 units and estimated working hours are 20,000. During 2020, Waterway uses the equipment for 530 hours and the equipment produces 1,000 units. Compute depreciation expense under each of the following methods. Waterway is on a calendar-year basis ending December 31. (Round rate per hour and rate per unit to 2 decimal places, e.g. 5.35 and final answers to 0 decimal places, e.g. 45,892.) (a) Straight-line method for 2020 9,000 (b) Activity method (units of output) for 2020 6400 (c) Activity method (working hours) for 2020 7632 (d) Sum-of-the-years'-digits method for 2022 54,000 (e) Double-declining-balance method for 2021 92,948 Open Show Work Click if you would like to Show Work for this