On January 1, 2021, Canseco Plumbing Fixtures purchased equipment for $70,000. Residual value at the end of an estimated four-year service life is expected to be $10,000. The company expects the equipment to operate for 20,000 hours. The equipment operated for 4,200 and 5,000 hours in 2021 and 2022, respectively. points 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 Print Complete this question by entering your answers in the tabs below. Required A Required B Required C Calculate depreciation expense for 2021 and 2022 using straight line method. Straight-Line Depreciation Choose Numerator: 1 Choose Denominator: Annual Depreciation Expense Cost = Depreciation Expense Depreciation Expense 2021 2022 Required A Required B On January 1, 2021, Canseco Plumbing Fixtures purchased equipment for $70,000. Residual value at the end of an estimated four-year service life is expected to be $10,000. The company expects the equipment to operate for 20,000 hours. The equipment operated for 4,200 and 5,000 hours in 2021 and 2022, respectively. points 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 Print Complete this question by entering your answers in the tabs below. Required A Required B Required c Calculate depreciation expense for 2021 and 2022 using double-declining balance method. Depreciation for the Period End of Period Annual Period Beginning of Period Beg Book Value Depreciation Rate Depreciation (%) Expense Accumulated Depreciation Book Value 2021 2022 $ 0 $ On January 1, 2021, Canseco Plumbing Fixtures purchased equipment for $70,000. Residual value at the end of an estimated four-year service life is expected to be $10,000. The company expects the equipment to operate for 20,000 hours. The equipment operated for 4,200 and 5,000 hours in 2021 and 2022, respectively. points 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 Print Complete this question by entering your answers in the tabs below. Required A Required B Required C Calculate depreciation expense for 2021 and 2022 using units-of-production using hours operated. (Round "Depreciation 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
