On March 31, 2021, Canseco Plumbing Fixtures purchased equipment for $62,000. Residual value at the end of an estimated four-year service life is expected to be $6,000. The company expects the equipment to operate for 10,000 hours. The equipment operated for 3,800 and 4,600 hours in 2021 and 2022, respectively. Required: a. Calculate depreciation expense for 2021 and 2022 using straight-line method. b. Calculate depreciation expense for 2021 and 2022 using double-declining-balance method. c. Calculate depreciation expense for 2021 and 2022 using units-of-production using hours operated. Complete this question by entering your answers in the tabs below. Required A Required B Required C Calculate depreciation expense for 2021 and 2022 using straight-line method. Straight-Line Depreciation Choose Numerator: Choose Denominator: = Annual Depreciation Formula = Annual Depreciation Amounts = Year Annual Depreciation Fraction of Year = 2021 $ = 2022 $ = X 0 x 0x Depreciation Expense Required A Required B Required C Calculate depreciation expense for 2021 and 2022 using double-declining-balance method. Double-Declining-Balance Method Choose Numerator: x Choose Denominator: Formula x Amount for 2021 X Amount for 2022 X = Depreciation Expense * Fraction of Year Fraction of Year = |Depreciation Expense x % x = % x II Required A Required B Required C Calculate depreciation expense for 2021 and 2022 using units-of-production using hours operated. (Round "Depreciation per machine hour" answers to 2 decimal places.) Select formula for Units of Production Depreciation: Calculate 2021 depreciation expense: Depreciation per machine hour Machine hours in 2021 Depreciation in 2021 Calculate 2022 depreciation expense: Depreciation per machine hour Machine hours in 2022 Depreciation in 2022