lark Communications, Inc. purchased equipment at a cost of $68,000. The equipment has an estimated residual value of $4,000 and an estimated life of 8 years, or 12,500 total hours of operation. The equipment was purchased on January 1, 2014. During the first year of operation, it was used for 1,800 hours.

1. If Clark Communications uses the straight-line method, what is the book value of the equipment at December 31, 2014?

2. If Clark Communications uses the units-of-production method, what is the depreciation rate per hour for the equipment?

3.If Clark Communications uses the double-declining-balance depreciation method, what is the depreciation expense for 2014?