E11-6 (L01,2) (Depreciation Computations-Five Methods, Partial Periods) Muggsy Bogues Company purchased equip ment for $212,000 on October 1, 2017. It is estimated that the equipment will have a useful life of 8 years and a salvage value of $12,000. Estimated production is 40.000 units and estimated working hours are 20,000. During 2017, Bogues uses the equipment for 525 hours and the equipment produces 1,000 units. Instructions Compute depreciation expense under each of the following methods. Bogues is on a calendar-year basis ending December 31. (a) Straight-line method for 2017. (b) Activity method (units of output) for 2017 586 Chapter 11 Depreciation, Impairments, and Depletion (c) Activity method (working hours) for 2017 (d) Sum-of-the-years'-digits method for 2019. (e) Double-declining-balance method for 2018