Hawaiian Specialty Foods purchased equipment for $23,000. Residual value at the end of an estimated four-year service life is expected to be $2,300. The machine operated for 2,400 hours in the first year, and the company expects the machine to operate for a total of 15,000 hours.

a) 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.

	Depreciation Expense
Straight-line
Double-declining-balance
Activity-based