Straight line, Double Declining Balance, Activity based

Required information [The following information applies to the questions displayed below.] Super Saver Groceries purchased store equipment for $41,500. Super Saver 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. Super Saver 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 intermediate calculations.) 1. Straight-line. Depreciation expense