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Seved 15 Brief Exercise 11-3 (Algo) Depreciation methods; partial periods [LO11-2) 57 ints On March 31, 2021, Canseco Plumbing Faxtures purchased equipment for $44,000. Residual value at the end of an estimated four-year service life Is expected to be $8,000. The company expects the equipment to operate for 20,000 hours. The equipment operated for 2,900 and 3,700 hours in 2021 and 2022, respectively Skipped Required: a. Calculate depreciation expense for 2021 and 2022 using straight line method b. Calculate depreciation expense for 2021 and 2022 using double-declining balance method c. Calculate depreciation expense for 2021 and 2022 using units-of-production using hours operated. eBook Complete this question by entering your answers in the tabs below. Print References Required A Required B Required C Calculate depreciation expense for 2021 and 2022 using straight line method. Straight Line Depreciation Choose Numerator: Choose Denominator Annual Depreciation Annual Deprecialion Year Annual Depreciation Depreciation Expense Fraction of Year 2021 0x 2022 0 Required B ReevedA connect.html Chapter 11 Assignment Saved 15 Brief Exercise 11-3 (Algo) Depreciation methods; partial periods [LO11-2] On March 31, 2021, Canseco Plumbing Fixtures purchased equipment for $44,000. Residual value at the end of an estimated four-year service life is expected to be $8,000. The company expects the equipment to operate for 20,000 hours. The equipment operated for 2,900 and 3,700 hours in 2021 and 2022, respectively 3.57 points Skipped Required: a. Calculate depreciation expense for 2021 and 2022 using straight line method b. Calculate depreciation expense for 2021 and 2022 using double-declining balance method c. Calculate depreciation expense for 2021 and 2022 using units-of-production using hours operated oBook Complete this question by entering your answers in the tabs below. Print Required C Required B References Required A Calculate depreciation expense for 2021 and 2022 using double-dedining balance method. End of Period Depreciation for the Period Accumulated Depreciation Fraction of Year Depreciation Expense Book Value Beginning of Period Book Value Depreciation Rate Annual Period 0 S 2021 0 2022 Required C Required A Sted 15 Brief Exercise 11-3 (Algo) Depreciation methods; partial periods [LO11-2) 3.57 On March 31, 2021, Canseco Plumbing Foxtures purchased equipment for $44,000. Residual value at the end of an estimated four-year service Iife is expected to be $8,000 The company expects the equipment to operate for 20,000 hours. The equipment operated for 2,900 and 3,700 hours in 2021 and 2022, respectively points Skipped Required: a. Calculate depreciation expense for 2021 and 2022 using straight line method b. Calculate depreciation expense for 2021 and 2022 using double-declining balance method c. Calculate depreciation expense for 2021 and 2022 using units-of-production using hours operated eBook Complete this question by entering your answers in the tabs below. Print References Required A Required B Required C Calculate depreciation expense for 2021 and 2022 using units-of-production using hours operated. (Round Depredation per machine hour" answers to 2 decimal places.) Select formula for Units of Production Depreciation: Calculate 2021 depreciation expense Depreciation per machine hour Machine hours in 2021 Depreciation in 2021 Calculate 2022 depreciation expense Depreciation per machine hour Machine hours in 2022 Depreciation in 2022
