Brief Exercise 11-3 (Algo) Depreciation methods; partial periods (L011-2) On March 31, 2021, Canseco Plumbing Fixtures p

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Brief Exercise 11 3 Algo Depreciation Methods Partial Periods L011 2 On March 31 2021 Canseco Plumbing Fixtures P 1 (41.47 KiB) Viewed 38 times

Brief Exercise 11-3 (Algo) Depreciation methods; partial periods (L011-2) On March 31, 2021, Canseco Plumbing Fixtures purchased equipment for $34,000. Residual value at the end of an estimated four-year service life is expected to be $8,000. The company expects the equipment to operate for 10,000 hours. The equipment operated for 2,400 and 3,200 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 double-declining-balance method. c. Calculate depreciation expense for 2021 and 2022 using units-of-production 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. Straight Line Depreciation Choose Numator Choose Denominator Annual Depreciation Formula Beginning Book Value Annual Depreciation Amounts Year Annual Depreciation Fraction of Year Depreciation Expense