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Required information [The following information applies to the questions displayed below.) Super Saver Groceries purchased store equipment for $29,500, Super Saver estimates that at the

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Required information [The following information applies to the questions displayed below.) Super Saver Groceries purchased store equipment for $29,500, Super Saver estimates that at the end of its 10-year service life, the equipment will be worth $3,500. During the 10-year period, the company expects to use the equipment for a total of 13,000 hours. Super Saver used the equipment for 1.700 hours the first year Required: Calculate depreciation expense of the equipment for the first year, using each of the following methods. 1. Straight-line. Answer is complete but not entirely correct. Depreciation expense $ 2,370 & uplet 2. Double-declining-balance. Depreciation expense 3. Activity-based. Depreciation expense

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