On January 3, 2020, Xenex Innovations purchased computer equipment for $153,000. 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 $28,000. Assume actual usage in hours of: 2020 2,050 2821 1,920 2022 3,800 2023 3,120 2024 4,100 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.) Year 2020 2021 2022 2023 2024 Straight line DoubleDeclining Balance Units-of-Production Depreciation Book Value at Depreciation Hook Value at Depreciation Book Value wat expense December 31 Expense December 31 Expense December 31 5 25,000 5 25,000 5 25.000 5 25,000 $ 25,000 Analysis Component Which method will result in the greatest 3. Total assets being reported on the balance sheet in 2020? in 20237 Depreciation Method Analysis Component: Which method will result in the greatest a. Total assets being reported on the balance sheet in 20207 in 20237 Deprestation Manor 2020 2023 b. Operating expenses being reported on the income statement in 2020 in 2022 2020