Check M9-7 (Static) Calculating Partial-Year Depreciation (LO 9-3) Calculate the amount of depreciation to report during the year ended December 31 for equipment that was purchased at a cost of $43.000 on October 1. The equipment has an estimated residual value of $3,000 and an estimated useful life of five years or 20,000 hours Required: Assume the equipment was used for 1,000 hours from October 1 to December 31 and the company uses (a) straight-line, ( double- declining balance, or (c) units-of-production depreciation (Do not round intermediate calculations.) Depreciation (a) Straight-Line (6) Double-Declining-Balance (c) Units-of-Production