On July $1,2024$ ABC company

purchased equipment for $$$93,000.$ Useful life: $4$ years. Useful life in working

hours: $40,000$ hours. Residual value: $$3,000.$ During $2024$ the equipment was

operating for $5,000$ hours. Calculate the following using half$-$year depreciation.

$1-$ Depreciation expense for $2024$ using straight line.

$2-$ Book value in $2024$ using activity method

$3-$Depreciation expense for $2025$ using sum of the year.

$4-$Depreciation expense in $2024$ using double$-$declining