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 1,700 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.)

Hawaiian Specialty Foods purchased equipment for $12,000. Residual value at the end of an estimated touriyear service life is expected to be $1,200. The machine operated for 1,700 hours in the rst year, and the company expects the machine to operate for a total of 10,000 hours. Calculate depreciation expense for the rst year using each of the following depreciation methods: (1) straight-line' (2) double-decliningbalance, and (3) activity-based. (Do not round your intermediate calculations.) Straig nl-line (2) Double-declining-balance (3) Activity-based