Brief Exercise 11-2 (Static) Depreciation methods [LO11-2] On January 1, 2021, 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. The equipment operated for 2,200 and 3,000 hours in 2021 and 2022, respectively. Required: a. Calculate depreciation expense for 2021 and 2022 using straight-line method. b. Calculate depreciation expense for 2021 and 2022 using double-declining-balance method. c. Calculate depreciation expense for 2021 and 2022 using units-of-production using hours operated. Complete this question by entering your answers in the tabs below. ences Required A Required B Required C Calculate depreciation expense for 2021 and 2022 using straight-line method. Straight Line Depreciation Choose Numerator: Choose Denominator: Annual Depreciation Expense Formula Cost Depreciation Expense Amounts 0 Depreciation Expense 2021 2022