On January 3, 2020, Xenex Innovations purchased computer equipment for $133,000. The equipment will be used in research and development activities for five years or a total of 10,000 hours and then sold for about $18,000. Assume actual usage in hours of 2020 1,550 1,820 2022 2,800 4,020 2024 3, 100 Required: Calculate depreciation expense and book values for each year of the equipment's life for each method of depreciation using the table provided below. Xenex's year-end is December 31. (Do not round intermediate calculations.) Straight Line Depreciation Book Value at Expense December 31 Year Double Declining Balance Depreciation Book Value at Expense December 31 Units of Production Depreciation Book Value at Expense December 31 2020 2021 2022 2023 2024 Analysis Component: Which method will result in the greatest: 4 a. Total assets being reported on the balance sheet in 2020? in 2023? Depreciation Method 2020 2023 b. Operating expenses being reported on the income statement in 2020? in 2023? to Depreciation Method 2020 2023