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Hawaiian Specialty Foods purchased equipment for $12,000. Residual value at the end of an estimated four-year service life is expected to be $1,200. The machine

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Hawaiian Specialty Foods purchased equipment for $12,000. Residual value at the end of an estimated four-year service life is expected to be $1,200. The machine operated for 1700 hours in the first year, and the company expects the machine to operate for a total of 10,000 hours. Calculate depreciation expense for the first year using each of the following depreciation methods: (1) straight-line. (2) double- declining balance, and (3) activity-based. (Do not round your intermediate calculations.) Depreciation Expense (1) Straight line (2) Double-declining balance (3) Activity-based

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