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

On March 31,2024, Canseco Plumbing Fixtures purchased equipment for $34,000. Residual value at the end of an estimated four-year service life is expected to be $8,000. The company expects the equipment to operate for 10,000 hours. The equipment operated for 2,400 and 3,200 hours in 2024 and 2025, respectively.
Required:
Calculate depreciation expense for 2024 and 2025 using straight-line method.
Calculate depreciation expense for 2024 and 2025 using double-declining-balance method.
Calculate depreciation expense for 2024 and 2025 using units-of-production using hours operated.

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