Question: Brief Exercise 11-2 (Static) Depreciation methods [LO11-2] On January 1, 2024, Canseco Plumbing Fixtures purchased equipment for $30,000. Residual value at the end of

Brief Exercise 11-2 (Static) Depreciation methods [LO11-2] On January 1, 2024, Canseco

Brief Exercise 11-2 (Static) Depreciation methods [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. The equipment operated for 2,200 and 3,000 hours in 2024 and 2025, respectively. Required: a. Calculate depreciation expense for 2024 and 2025 using straight-line method. b. Calculate depreciation expense for 2024 and 2025 using double-declining-balance method. c. Calculate depreciation expense for 2024 and 2025 using units-of-production using hours operated. Complete this question by entering your answers in the tabs below. Required A Required B Required C Calculate depreciation expense for 2024 and 2025 using double-declining-balance method. Formula Amount for 2024 Amount for 2025 Double-Declining-Balance Method Choose Numerator: Choose Denominator: = Depreciation Expense = Depreciation Expense % = % = < Required A Required C >

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