#$6-13$ points

Ehrlich Corporation bought equipment on January $1,2023.$ The equipment cost $$380,000$ and had an expected salvage value of $$60,000.$ The life of the equipment was estimated to be $10$ years. The estimated life in hours is $300,000$ hours.

Calculate the following, showing all calculations:

a$.$ The depreciable cost of the equipment.

b$.$ Depreciation expense per year using the straight line method.

c$.$ Depreciation for years $1$ and $2$ using the double declining balance method.

d$.$ Depreciation for years $1$ and $2$ using the units of activity method. Assume the equipment was used for $20,000$ hours in year $1$ and $35,000$ hours in year $2.($Round to $2$ decimal pts$.)$

e$.$ Accumulated depreciation for each method at the end of year $2.$

f$.$ Book value of the asset at the end of year $2$ assuming the units of activity method is used.