Complete this question by entering your answers in the tabs below. Compute depreciation for the first year under units-of-production. Required information [The following information applies to the questions displayed below.] Equipment costing $21,600 with a 5-year useful life and an estimated $3,600 salvage value is acquired and started operating on January 1 . The equipment is estimated to produce 3,000 units of product during its life. It produced 450 units in the first year. Compute depreciation for the first year under straight-line, units-of-production, and double-declining-balance. Complete this question by entering your answers in the tabs below. Compute depreciation for the first year under straight-line. Compute depreciation for the first year under straight-line, units-of-production, and double-declining-balance. Complete this question by entering your answers in the tabs below. Compute depreciation for the first year under double-declining-balance. Double-declining-balance depreciation for the first year
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