On January 1, 2021, Canseco Plumbing Fixtures purchased equipment for $56,000. Residual value at the end of an estimated 7 year service life is expected to be $28,000. The company expects the equipment to operate for 16,500 hours. Required: a. Calculate depreciation expense for 2021 and 2022 using sum-of-the-years'-digits assuming the equipment was purchased on January 1, 2021. b. Calculate depreciation expense for 2021 and 2022 using sum-of-the-years'-digits assuming the equipment was purchased on March 31, 2021. Complete this question by entering your answers in the tabs below. Required A Required B Calculate depreciation expense for 2021 and 2022 using sum-of-the-years'-digits assuming the equipment was purchased on i March 31, 2021. Sum-of-the-years' digits depreciation Depreciable Base 4/1/2021 through 12/31/2021 $ 28,000 x Rate per Year 7/28 x 9/12 Fraction of Year Depreciation Expense 5,250 Total depreciation expense-2021 $ 5,250 1/1/2022 through 3/31/2022 $ 28,000 x 4/1/2022 through 12/31/2022 x x Total depreciation expense 2022 On January 1, 2021, Canseco Plumbing Fixtures purchased equipment for $56,000. Residual value at the end of an estimated 7 year service life is expected to be $28,000. The company expects the equipment to operate for 16,500 hours. Required: a. Calculate depreciation expense for 2021 and 2022 using sum-of-the-years-digits assuming the equipment was purchased on January 1, 2021. b. Calculate depreciation expense for 2021 and 2022 using sum-of-the-years-digits assuming the equipment was purchased on March 31, 2021. Complete this question by entering your answers in the tabs below. Required A Required B Calculate depreciation expense for 2021 and 2022 using sum-of-the-years'-digits assuming the equipment was purchased on January 1, 2021. Sum-of-the-years' digits depreciation Depreciable Base Rate per x Year Depreciation Expense 2021 $ 28,000 x 4/15 2022 $ 28,000 x 3/15 Required A Required B >