Required Information Exercise 7-10A Determine depreciation for the first year under three methods (L07-4) [The following information applies to the questions displayed below] Super Saver Groceries purchased store equipment for $31.000. Super Saver estimates that at the end of its 10-year service life. the equipment will be worth $4.000. During the 10-year period, the company expects to use the equipment for a total of 10,000 hours. Super Saver used the equipment for 1.500 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 Intermediate calculations.) Exercise 7-10A Part 2 2 Double-declining-balance. Depreciation expense 7