Question: Brief Exercise 11-3 (Static) Depreciation methods; partial periods [LO11-2] On March 31, 2021, Canseco Plumbing Fixtures purchased equipment for $30,000. Residual value at the

Brief Exercise 11-3 (Static) Depreciation methods; partial periods [LO11-2] On March 31,

Brief Exercise 11-3 (Static) Depreciation methods; partial periods [LO11-2] On March 31, 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. nces 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 Formula Cost Estimated Units of Production Annual Depreciation Amount Year Annual Depreciation Fraction of Year Depreciation Expense 2021 $ 0x 2022 $ 0x Required A Required B >

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