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Equipment purchased at the beginning of the fiscal year for $360,000 is expected to have a useful life of 5 years, or 14,000 operating hours, and a residual value of $10,000. Assume 1,200 hours were used the first year and 2,250, the second year. What is the first-year depreciation for straight-line (SL) method? What is the first-year depreciation for double-declining balance (DDB) method? What is the first-year depreciation for units-of-output (UOO) method? Requires 3 answers