On January 1, 2021, Canseco Plumbing Fixtures purchased equipment for $40,000. Residual value at the end of an estimated four-year service life is expected to be $4,000. The company expects the equipment to operate for 20,000 hours. The equipment operated for 2,700 and 3,500 hours in 2021 and 2022, respectively 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 Complete this question by entering your answers in the tabs below. Required A Required B Required On January 1, 2021, Canseco Plumbing Fixtures purchased equipment for $40,000. Residual value at the end of an estimated four-year service life is expected to be $4,000. The company expects the equipment to operate for 20,000 hours. The equipment operated for 2,700 and 3,500 hours in 2021 and 2022, respectively 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 Complete this question by entering your answers in the tabs below. Required A Required B Required