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On January 1, 2021, Canseco Plumbing Fixtures purchased equipment for $46.000. Residual value at the end of an estimated four-year service life is expected to

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On January 1, 2021, Canseco Plumbing Fixtures purchased equipment for $46.000. 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 12,000 hours. The equipment operated for 3,000 and 3,800 hours in 2021 and 2022, respectively Required: .. 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 c Calculate depreciation expense for 2021 and 2022 using straight line method. Straight Line Depreciation Choose Numerator: Choose Denominator: Annual Depreciation Expense Depreciation Expense Depreciation Expense 2021 2022 Complete this question by entering your answers in the tabs below. Required A Required B Required Calculate depreciation expense for 2021 and 2022 using double-declining balance method. Depreciation for the Period End of Period Annual Period Beginning of Period Depreciation Rate Depreciation Book Value Expense Accumulated Depreciation Book Value 2021 2022 % 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

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