Merrimack Community Clinic purchased a new generator having the following characteristics: Cost.... $12,000 Estimated useful life (years).... 5 Residual value...... $2,000 Estimated hours of use during useful life.. 8,000 (i) Assume the clinic uses the straight-line method of depreciation. Compute depreciation expense for year 1. $2,000 (ii) Assume instead that the clinic uses the double-declining-balance method of depreciation. Compute depreciation expense for year 1. $5,600 (iii) Assume instead that the clinic uses the units-of-activity method of depreciation. Compute depreciation expense for year 1 assuming the following: Hours of use during year 1..... 1,800