On January 3, 2020, Xenex Innovations purchased computer equipment for $135,250. The equipment will be used in research and development activities for five years or a total of 9,300 hours and then sold for about $19,000. Assume actual usage in hours of: 2020 2021 2022 2023 2024 1,600 1,830 2,900 3,030 3,200 Required: Calculate depreciation expense and book values for each year of the equipments life for each method of depreciation using the table provided below. Xenexs year-end is December 31. (Do not round intermediate calculations.)

Analysis Component: Which method will result in the greatest:

a. Total assets being reported on the balance sheet in 2020? in 2023?

b. Operating expenses being reported on the income statement in 2020? in 2023?

Analysis Component:

Which method will result in the greatest: a. Total assets being reported on the balance sheet in 2020? in 2023?