On January 1, 2022, Howe's HVAC purchased a new piece of equipment so they could start manufacturing their own air conditioning units.

This new piece of equipment cost them $30,000, at the end of the four-year service life the salvage value is expected to be $2,000.

The company expects the equipment to operate for 10,000 hours.

The equipment operated for 2,200 and 3,000 hours in 2024 and 2025, respectively.

If Howe's using the units-of-production depreciation method what is the depreciation expense for 2022 and 2023?

2022 depreciation expense:

2023 depreciation expense: