Calculate depreciation under all three methods using the following information: Asset Cost: $100,000 Residual Value: $10,000 Useful Life: 5 years Total Operating Hours: 50,000 hours Hours the asset was used in each of the four years: year 1 15,000 hours year 2 12,000 hours year 3 10,000 hours year 4 3,000 hours year 5 10,000 hours Depreciation Expense Units of Production Double Method Declining Balance Method Year Straight-line Method 1 2 3 4 5 Total