On January 1, 2024, Canseco Plumbing Fixtures purchased equipment for $32,000. Residual value at the end of an estimated four-year service life is expected to be $8,000. The company expects the equipment to operate for 20,000 hours. The equipment operated for 2,300 and 3,100 hours in 2024 and 2025, respectively. Required: Calculate depreciation expense for 2024 and 2025 using straight-line method. Calculate depreciation expense for 2024 and 2025 using double-declining-balance method. Calculate depreciation expense for 2024 and 2025 using units-of-production using hours operated