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On March 3 1 , 2 0 2 4 , Canseco Plumbing Fixtures purchased equipment for $ 5 8 , 0 0 0 . Residual

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On March 31,2024, Canseco Plumbing Fixtures purchased equipment for $58,000. Residual value at the end of an estimated four-year
service life is expected to be $10,000. The company expects the equipment to operate for 15,000 hours. The equipment operated for
3,600 and 4,400 hours in 2024 and 2025, respectively.
Required:
a. Calculate depreciation expense for 2024 and 2025 using straight-line method.
b. Calculate depreciation expense for 2024 and 2025 using double-declining-balance method.
c. Calculate depreciation expense for 2024 and 2025 using units-of-production using hours operated.
Complete this question by entering your answers in the tabs below.
Required B
Calculate depreciation expense for 2024 and 2025 using straight-line method.
Calculate depreciation expense for 2024 and 2025 using double-declining-balance method.
Calculate depreclation expense for 2024 and 2025 using units-of-pro
Note: Round "Depreciation per hour" answers to 2 decimal places.
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