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Yorkton Supply Company purchased equipment worth $ 5 2 , 3 3 2 on December 1 , 2 0 2 3 . The equipment should

Yorkton Supply Company purchased equipment worth $52,332 on December 1,2023. The
equipment should have an estimated life of 8 years or 16,830 hours. Residual value is estimated to
be $7,800. Calculate the depreciation expense under both the Straight-Line and Double-Declining
Balance methods for the first four years of the use of the asset. The company's fiscal year ends June
30,2024. Show all calculations, round dollar values to the nearest dollar (units of production
depreciation rate, round to 3 decimals)!(12 marks)
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