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Required information [The following information applies to the questions displayed below) year service life, the equipment will be worth $4,000. During the 10 -year period, the company expecti to utite titt equipment for a total of 15,000 hours, Pandemic used the equipment for 1,600 hours the first yeat. Required: Calculate depreciation expense of the equipment for the first year, using each of the following methods. (De nut rous your intermediate calculations.) Activity-based