BE 11-2 Depreciation methods LO11-2 BE 11-3 Depreciation methods; partial periods LO11-2 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 meth- ods: (1) straight line, (2) double-declining balance, and (3) units-of-production using hours operated. The equip ment operated for 2,200 and 3,000 hours in 2024 and 2025, respectively. 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. BE 11-4 Depreciation method; Sum-of- the-years'-digits LO11-2 Refer to the situation described in BE 11-2. Calculate depreciation expense for 2024 and 2025 using sum-of-the- years'-digits, assuming the equipment was purchased on (1) January 1, 2024, and (2) March 31, 2024.