Mountain View Resorts purchased equipment at the beginning of 2024 for $32,000. Residual value at the end of an estimated foukyear service life is expected to be $7,300. The machine operated for 1,400 hours in the first year and the compony expects ine machine to operate for a total of 10,000 hours over its four-year life. Required: Calculate depreciation expense for 2024 , using each of the following depreciation methods: 1. Straight-lime 2. Double-declining-balance 3. Activity-based (For all requirements, round your intermediate calculations to 2 decimal places.)