Help Save & Exit Calculate the amount of depreciation to report during the year ended December 31 for equipment that was purchased at a cost of $45.000 on October 1. The equipment has an estimated residual value of $5,000 and an estimated useful life of five years or 20.000 hours. Assume the equipment was used for 1,000 hours from October 1 to December 31 and the company uses declining balance, or (units-of-production depreciation (Do not round intermediate calculations.) straight-line. (b) double Depreciation (a) (b) (c) Straight-Line Double Declining-Balance Units-of-Production