19 157.14 On January 1, a company purchased store equipment for $26,500. The company estimates that...

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19 157.14 On January 1, a company purchased store equipment for $26,500. The company estimates that at the end of its 10-year service life the equipment will be worth $2,500. During the 10-year period, the company expects to use the equipment for a total of 10,000 ho The company used the equipment for 1,650 hours the first year. Required: Calculate depreciation expense of the equipment for the first year, using each of the following methods. (Do not round your intermediate calculations.) 1. Straight-line. 2. Double-declining-balance. 3. Activity-based. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Calculate depreciation expense of the equipment for the first year, using straight-line method. (Do not round your Intermediate calculations.) Depreciation expense 19 157.14 On January 1, a company purchased store equipment for $26,500. The company estimates that at the end of its 10-year service life the equipment will be worth $2,500. During the 10-year period, the company expects to use the equipment for a total of 10,000 ho The company used the equipment for 1,650 hours the first year. Required: Calculate depreciation expense of the equipment for the first year, using each of the following methods. (Do not round your intermediate calculations.) 1. Straight-line. 2. Double-declining-balance. 3. Activity-based. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Calculate depreciation expense of the equipment for the first year, using straight-line method. (Do not round your Intermediate calculations.) Depreciation expense