Computing Depreciation Using Multiple Depreciation Methods

On January $1,$ Walker Inc. acquired equipment for $$80,000.$ The expected useful life is $10$ years and the residual value is $$1,600.$ Total service hours for the equipment are estimated to be $20,000$ while actual hours for the year were $1,800.$ Compute depreciation expense for the year under the following methods.

Note: Carry all decimals in calculations; round the final$$answer to the nearest dollar.

a$.$ Straight$-$lineAnswer $1$

b$.$ Sum$-$of$-$the$-$years$-$digitsAnswer $2$

c$.$ Double$-$declining$-$balanceAnswer $3$

d$.$ Units$-$of$-$productionAnswer $4$