On XXX, 2017, Xenex Innovations purchased computer equipment for $XXX. The equipment will be used in research and development activities for XX years or a total of XXX hours and then disposed for about $XXX. Prepare a schedule with headings as shown below. Calculate depreciation and carrying amounts for each year of the equipment's life for each method of depreciation. The company uses the nearest month method for assets purchased during a year. Xenex's year-end is December 31. Cost Residual value Purchase date $126,030 $18,220 4/1/2017 Month of purchase #VALUE! Actual useage in hours: 2017 1,428 2018 1,858 2,178 2019 (6 marks) Total expected use Useful life 8,500 hours 5 years Company's year end 2017-12-31 2020 2021 2022 2,122 2,222 1,622 SUMMARY-----use the areas below to calculate details Straight-Line Double-Declining-Balance Units-of-Production Depreciation Year Expense Carrying Amount at December 31 Depreciation Expense Carrying Amount at December 31 Depreciation Expense Carrying Amount at December 31 2017 2018 2019 2020 2021 2022 ALL AMOUNTS IN THIS TABLE MUST BE CELL-REFERENCED FROM YOUR SCHEDULES BELOW OR THE DATA ABOVE.