Refer to the situation described in BE 11–2. Assume the equipment was purchased on March 31, 2024, instead of January 1. Calculate depreciation expense for 2024 and 2025 using each of the following depreciation methods: 

(1) Straight line, 

(2) Double-declining balance, and 

(3) Units-of-production using hours operated.

Data from in BE 11-2

On January 1, 2024, Canseco Plumbing Fixtures purchased equipment for $30,000. Residual value at the end of  an estimated four-year service life is expected to be $2,000. The company expects the equipment to operate for  10,000 hours. Calculate depreciation expense for 2024 and 2025 using each of the following depreciation methods:
(1) Straight line

(2) Double-declining balance

(3) Units-of-production using hours operated. The equipment operated for 2,200 and 3,000 hours in 2024 and 2025, respectively.