On January 1, 2016, Nicholas Company purchased Office Equipment for $114,000 woth an estimated useful life of 4 years, or 130,000 hours and residual value of $10,000.

Compute the annual depreciation at the end of 2018, the 3rd year, under each of the following depreciation method for Nicholas Company:

1) Straight-Line Method

2) Units of Production Method, assime that a total of 70,000 hours were used in 2018

3) Double-Declining Balance Method

Using the Straight-Line Depreciation Method, calculate the amount of depreciation taken in 2018