Question: please help need depreciation expense, double declining balance, and activity based Required information Exercise 7-10 (Algo) Determine depreciation for the first year under three methods

please help need depreciation expense, double declining balance, and activity based please help need depreciation expense, double declining balance, and activity based Required

Required information Exercise 7-10 (Algo) Determine depreciation for the first year under three methods (LO7-4) [The following information applies to the questions displayed below] On January 1, Pandemic Groceries purchased store equipment for $41,500. Pandemic 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 10,000 hours. Pandemic used the equipment for 1.250 hours the first year. Required: Calculate depreciation expense of the equipment for the first year, using each of the following methods. (Do not round your intermediote calculations.)

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