Question: please be VERY clear when answering each box. label please, and do not answer if you do not know On March 31, 2021, Canseco Plumbing



please be VERY clear when answering each box. label please, and do not answer if you do not know



On March 31, 2021, Canseco Plumbing Fixtures purchased equipment for $52,000. Residual value at the end of an estimated four-year service life is expected to be $4,000. The company expects the equipment to operate for 12,000 hours. The equipment operated for 3,300 and 4,100 hours in 2021 and 2022, reSpectiver. Required: a. Calculate depreciation expense for 2021 and 2022 using straightline method. b. Calculate depreciation expense for 2021 and 2022 using doubledecliningbalance method. c. Calculate depreciation expense for 2021 and 2022 using unitsofproduction using hours operated. Complete this question by entering your answers in the tabs below. Required A Required B Required C Calculate depreciation expense for 2021 and 2022 using straight-line method. Formula Cost minus Residual stimated Useful Life (years) On March 31, 2021, Canseco Plumbing Fixtures purchased equipment for $52,000. Residual value at the end ofan estimated fouryear service life is expected to be $4,000. The company expects the equipment to operate for 12,000 hours. The equipment operated for 3,300 and 4,100 hours in 2021 and 2022, respectively. Required: a. Calculate depreciation expense for 2021 and 2022 using straight-line method. b. Calculate depreciation expense for 2021 and 2022 using doubledecliningbalance method. c. Calculate depreciation expense for 2021 and 2022 using units-ofproduction using hours operated. Complete this question by entering your answers in the tabs below. Required A Required B Required C Calculate depreciation expense for 2021 and 2022 using double-declining-balance method. Formula Amount for 2021 Amount for 2022 On March 31, 2021, Canseco Plumbing Fixtures purchased equipment for $52,000. Residual value at the end ofan estimated four-year service life is expected to be $4,000. The company expects the equipment to operate for 12,000 hours. The equipment operated for 3,300 and 4,100 hours in 2021 and 2022, respectively. Required: 3. Calculate depreciation expense for 2021 and 2022 using straight-line method. b. Calculate depreciation expense for 2021 and 2022 using doubledecliningbalance method. c. Calculate depreciation expense for 2021 and 2022 using unitsofproduction using hours operated. Complete this question by entering your answers in the tabs below. Required A Required B Required C Calculate depreciation expense for 2021 and 2022 using units-ofproduction using hours operated. (Round "Depreciation per machine hour" answers to 2 decimal places.) ECalculate 2021 depreciation expense: Depreciation per machine hour EMachine hours in 2021 Depreciation in 2021 ECalculate 2022 depreciation expense: Depreciation per machine hour EMachine hours in 2022 Depreciation in 2022
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