On January 1, 2021, Canseco Plumbing Fixtures purchased equipment for $68,000. Residual value at the end of an estimated 4 year service life is expected to be $40,000. The company expects the equipment to operate for 19,500 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.

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	x	Rate per Year	=	Depreciation Expense
2021		x		=
2022		x		=