The Morenz Company purchases equipment at the beginning of the fiscal year for $320,000; the equipment is expected to have a useful life of 5 years, or 15,000 operating hours, and a salvage value of $20,000. Compute the depreciation for the first year of use by each of the following methods:

(a) Straight-Line

(b) Units-Of-Production (1,800 hours first year)

(c) Double-Declining-Balance