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On January 1, 2024. Canseco Plumbing Fixtures purchased equipment for $34,000. Residual value at the...

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Accounting

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On January 1, 2024. Canseco Plumbing Fixtures purchased equipment for $34,000. Residual value at the end of an estirnated fouryear service iffe is expected to be $8,000. The company expects the equipment to operate for 10,000 hours. The equipment operated for 2,400 and 3,200 hours in 2024 and 2025 , respectively. Required: a. Calculate depreciation expense for 2024 and 2025 using straight-line method b. Calculate depreciation expense for 2024 and 2025 using doubiedecining tialance method c. Calculate depreciation expense for 2024 and 2025 using units-of-production using hours operated Calculate depreciation expense for 2024 and 2025 using straight-line method. Calculate depreciation expense for 2024 and 2025 using double-declining-balance method. Calculate depreciation expense for 2024 and 2025 using units-of-production using hours operated. Note: Round "Depreciation per hour" answers to 2 decimal places

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