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Chapter 11 depreciation due 4/21 1.8 points I will not be lenient in partial credit grading for accuracy, as long as you show work On January 1, 2021, Canseco Plumbing Fixtures purchased equipment for $30,000. Residual value at the end of an estimated four-year service life is expected to be $2,000. The company expects the equipment to operate for 10,000 hours. Calculate depreciation expense for 2021 and 2022 using each of the following depreciation methods: (1) straight line, (2) double- declining balance, and (3) units-of-production using hours operated. The equipment operated for 2,200 and 3,000 hours in 2021 and 2022, respectively. Show work and complete the table. Straight Line DDB Units of Production Depreciation Expense 2021 Depreciation Expense 2022