On January 1, 2024, Canseco Plumbing Fixtures purchased equipment for $36,000. Residual value at the end of an estimated four- year service life is expected to be $6,000. The company expects the equipment to operate for 20,000 hours. The equipment operated for 2,500 and 3,300 hours in 2024 and 2025, respectively. Required: a. Calculate depreciation expense for 2024 and 2025 using straight-line method. b. Calculate depreciation expense for 2024 and 2025 using double-declining-balance method. c. Calculate depreciation expense for 2024 and 2025 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 2024 and 2025 using straight-line method. Straight-Line Depreciation Formula Amounts 2024 2025 Choose Numerator: Annual Depreciation Choose Denominator: Required A. = Annual Depreciation = = Annual Depreciation Required B >

On January 1, 2024. Canseco Plumbing Fixtures purchased equipment for $36,000. Residual value at the end of an estimated fouryear service life is expected to be $6,000. The company expects the equipment to operate for 20,000 hours, The equipment operated for 2,500 and 3,300 hours in 2024 and 2025 , respectively. Required: a. Calculate depreciation expense for 2024 and 2025 using straight-line method. b. Calculate depreciation expense for 2024 and 2025 using double-declining-balance method. c. Calculate depreciation expense for 2024 and 2025 using units-of-production using hours operated. Complete this question by entering your answers in the tabs below. Calculate depreciation expense for 2024 and 2025 using straight-line method