Dereciation Methods Homok Equipment was purchased on January 1, 2010, for $110.000. E wes estimated that the equipment would have a $12,000 salvage value at the end of its 4 year useful life. The double declining balance method of depreciation is being used. Instructions: Using Straight Line Method, Please, compute annual depreciation expense and rate of depreciation using a Annual Depreciation Expense b. Rate of Depreciation Unity of activity method (120 000 hours). Calculate cost per hour and then to the table below. Year Book Value Equipment hours Cost per hour Annual Depreciation expense Accumulated Depreciation 2010 30.000 2011 20 000 2012 30 000 2013 40.000 Double declining balance method, Calculate Depreciation rate and populate the table: Year Book Value at Declining Annual Accumulated Book Value the beginning balance rate Depreciation Depreciation expense 2010 2011 2012 2013