Exercise $7-10($Static$)$ Determine depreciation for the first year under three methods $($LO$7-4)$

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On January $1,$ Super Saver Groceries purchased store equipment for $$29,500.$ Super Saver estimates that at the end of its $10-$year service life, the equipment will be worth $$3,500.$ During the $10-$year period, the company expects to use the equipment for a total of $13,000$ hours. Super Saver used the equipment for $1,700$ hours the first year.