Mountain View Resorts purchased equipment at the beginning of 2024 for $44,000. Residual value at the end of an estimated fo year service life is expected to be $7,300. The machine operated for 2,500 hours in the first year and the compary expects the machine to operate for a total of 12,000 hours over its four-year life Required: Calculate depreciation expense for 2024, using each of the following depreciation methods: 1. Straight-line 2. Double declining balance 3. Activity-based (For all requirements, round your intermediate calculations to 2 decimal places.)