On January 1, 2020 Milky Factory purchased new equipment for $400. The equipment is expected to be used for 1,000 hours over 5 years. Residual value is expected to be $100. During 2020 the equipment was used for 150 hours.

Required: Compute the following

Depreciable cost	$Answer
Depreciation expense for 2020 using straight-line depreciation	$Answer
Depreciation expense for 2020 using units-of-activity depreciation