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Muggsy Bogues Company purchased equipment for $212,000 on October 1,2020 . It is estimated that the equipment will have a useful life of 8 years

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Muggsy Bogues Company purchased equipment for $212,000 on October 1,2020 . It is estimated that the equipment will have a useful life of 8 years and a salvage value of $12,000. Estimated production is 40,000 units and estimated working hours are 20,000 . During 2020 , Bogues uses the equipment for 525 hours and the equipment produces 1,000 units. Compute depreciation expense under each of the following methods. Bogues is on a calendar-year basis ending December 31. (Round rate per hour and rate per unit to 2 decimal places, e.g. 5.35 and final answers to 0 decimal places, e.g. 45,892 .) (a) Straight-line method for 2020 (b) Activity method (units of output) for 2020$ (c) Activity method (working hours) for 2020$

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