On March $31,2024,$ Canseco Plumbing Fixtures purchased equipment for $$66,000.$ Residual value at the end of an estimated fouryear service life is expected to be $$6,000.$ The company expects the equipment to operate for $15,000$ hours. The equipment operated for $4,000$ and $4,800$ hours in $2024$ and $2025,$ respectively.

Required:

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

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

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

Complete this question by entering your answers in the tabs below.

Required C

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

$\backslash$table$[[$Straight$-$Line Depreciation$],[,$Choose Numerator:,$,$Choose Denominator:,$=,$Annual Depreciation$],[$Formula$,,,,=,$Annual Depreciation$],[$Amounts$,,,,=,],[$Year$,$Annual Depreciation,$x,$Fraction of Year,$=,$Depreciation Expense$],[2024,$$$,x,,=,],[2025,$$$,x,,=,]]$