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On January 1 , Pacific Specialty Foods purchased equipment for $ 1 6 , 0 0 0 . Residual value at the end of an

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On January 1, Pacific Specialty Foods purchased equipment for $16,000. Residual value at the end of an estimated four-year service life is expected to be $1,600. The machine operated for 2,100 hours in the first year, and the company expects the machine to operate for a total of 15,000 hours.
Calculate depreciation expense for the first year using each of the following depreciation methods: (1) straight-line, (2) doubledeclining-balance, and (3) activity-based. (Do not round your intermediate calculations.
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