Required information [The following information applies to the questions displayed below.) Super Saver Groceries purchased store equipment for $16,000. Super Saver estimates that at the end of its 10-year service life, the equipment will be worth $1,000. During the 10-year period, the company expects to use the equipment for a total of 10,000 hours. Super Saver used the equipment for 1,520 hours the first year. Required: Calculate depreciation expense of the equipment for the first year, using each of the following methods. (Do not round your intermediate calculations.)