On January 1, 2021, we purchased equipment for 11,000 and paid $500 to of freight to have the equipment delivered to your store. The equipment had an estimated salvage value of $1,600 and an estimated life of 6 years. The equipment was estimated to be able to operate 20,000 hours during its 6 year life. Actual hours of operation in the first three years were: a. b. 2021 2022 3,000 Hours 3,700 Hours 2023 3,500 Hours How much total depreciation should be recorded over the entire six year life of the equipment? Cost = 11,000 + 500 freight = 11,500 Depreciatio = -160016 (11,500-1,600) *; Salvage value $1,600 useful life = Calculate the depreciation expense (rounded to the nearest DOLLAR) for each of the first three years (2021, 2022, and 2023) assuming: (Please show your calculations) 1. 2. 3. 4. 150% declining balance method of depreciation Service hours method of depreciation Straight line method of depreciation C. Sum of the years' digits method of depreciation If this equipment had been purchased on March 1, 2021 instead of January 1, calculate the depreciation expense for 2021, 2022, and for 2023 (rounded to the nearest DOLLAR) under each of the methods in part b, assuming your company year ends on December 31. (Please show your calculations) =* 1.650