On March $31,2024,$ Canseco Plumbing Fixtures purchased equipment for $$56,000.$ Residual value at the end of an estimated four$-$year service life is expected to be $$2,000.$ The company expects the equipment to operate for $15,000$ hours. The equipment operated for $3,500$ and $4,300$ hours in $2024$ and $2025,$ respectively.

Required:

Calculate depreciation expense for $2024$ and $2025$ using straight$-$line method.

Calculate depreciation expense for $2024$ and $2025$ using double$-$declining$-$balance method.

Calculate depreciation expense for $2024$ and $2025$ using units$-$of$-$production using hours operated.