On January 3, 2020, Xenex Innovations purchased computer equipment for $141,000. The equipment will be used in research and development activities for five years or a total of 8,500 hours and then sold for about $22,000. Assume actual usage in hours of 2020 2022 2023 2021 1,860 2024 3,500 1,750 3,200 3,060 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 Double-Declining-Balance Depreciation Book Value at Expense December 31 Units-of-Production Depreciation Book Value at Expense December 31 Year 2020 2021 2022 2023 2024 Analysis Component: Which method will result in the greatest: a. Total assets being reported on the balance sheet in 2020? in 2023? Depreciation Method 2020 2023