I got B and C. However, I need help in part A
11 On March 31, 2021, Canseco Plumbing Fixtures purchased equipment for $48,000. Residual value at the end of an estimated four-year service life is expected to be $6,000. The company expects the equipment to operate for 12,000 hours. The equipment operated for 3,100 and 3,900 hours in 2021 and 2022, respectively. 02-09:10 Required: a. Calculate depreciation expense for 2021 and 2022 using straight-line method. b. Calculate depreciation expense for 2021 and 2022 using double-declining-balance method. c. Calculate depreciation expense for 2021 and 2022 using units-of-production using hours operated. * Answer is not complete. Complete this question by entering your answers in the tabs below. Required A Required B Required C Calculate depreciation expense for 2021 and 2022 using straight-line method. Straight-Line Depreciation Choose Numerator: Choose Denominator: Annual Depreciation Formula Cost minus Residual Double the straight-line rate X Annual Depreciation Amounts = Year Annual Depreciation X Fraction of Year Depreciation Expense 2021 0 X 9/120 = 2022 0 X 9/12 x = 11 On March 31, 2021, Canseco Plumbing Fixtures purchased equipment for $48,000. Residual value at the end of an estimated four-year service life is expected to be $6,000. The company expects the equipment to operate for 12,000 hours. The equipment operated for 3,100 and 3,900 hours in 2021 and 2022, respectively. 8 02-08:39 Required: a. Calculate depreciation expense for 2021 and 2022 using straight-line method. b. Calculate depreciation expense for 2021 and 2022 using double-declining-balance method. c. Calculate depreciation expense for 2021 and 2022 using units-of-production using hours operated. * Answer is not complete. Complete this question by entering your answers in the tabs below. Required A Required B Required C Calculate depreciation expense for 2021 and 2022 using double-declining-balance method. Double-Declining-Balance Method Depreciation Choose Numerator: Choose Denominator: Fraction of = Year Expense Fraction of Depreciation Formula Beginning Book Value X Double the Straight-line Rate x Year Expense Amount for 48,000 X 50 % x 9/12 18,000 2021 Amount for 30,000 X 50 % x 12/12 S 15,000 2022 11 On March 31, 2021, Canseco Plumbing Fixtures purchased equipment for $48,000. Residual value at the end of an estimated four-year service life is expected to be $6,000. The company expects the equipment to operate for 12,000 hours. The equipment operated for 3,100 and 3,900 hours in 2021 and 2022, respectively. 02-08:0 Required: a. Calculate depreciation expense for 2021 and 2022 using straight-line method. b. Calculate depreciation expense for 2021 and 2022 using double-declining-balance method. c. Calculate depreciation expense for 2021 and 2022 using units-of-production using hours operated. * Answer is not complete. Complete this question by entering your answers in the tabs below. Required A Required B Required C Calculate depreciation expense for 2021 and 2022 using units-of-production using hours operated. (Round "Depreciation per machine hour" answers to 2 decimal places.) Select formula for Units of Production Depreciation: (Cost - Residual) / Total units of production O Calculate 2021 depreciation expense: Depreciation per machine hour 3.50 Machine hours in 2021 3,100 Depreciation in 2021 10,850 Calculate 2022 depreciation expense: Depreciation per machine hour 3.50 Machine hours in 2022 3,900 Depreciation in 2022 13,650 Required B Required C >
