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Sunlight Company purchased waterproofing equipment on January 2, 2002, for $255,000. The equipment was expected to have a useful life of 4 years, or 28,750

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Sunlight Company purchased waterproofing equipment on January 2, 2002, for $255,000. The equipment was expected to have a useful life of 4 years, or 28,750 operating hours, and a salvage value of $25,000. The equipment was used for 8,500 hours during 2002, 8,100 hours in 2003, 7,800 hours in 2004, and 4,350 hours in 2005. Conclude depreciation amounts using the straight-line method, units-of activity method, and declining-balance method. Units-of-Activity Declining-balance method Year Straight-line methodU method 2002 2003 2004 2005 totals

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