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  3. equipment costing \(\$ 13,000\) with a 10-year use

Equipment costing \(\$ 13,000\) with a 10-year useful life and an estimated \(\$ 3,000\) salvage...

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Accounting

Equipment costing \(\$ 13,000\) with a 10-year useful life and an estimated \(\$ 3,000\) salvage value is acquired and started operating on January 1. The equipment is estimated to produce 2,000 units of product during its life. It produced 160 units in the first year.
12 Required:
1. Compute depreciation for the first year under straight-line.
2. Compute depreciation for the first year under units-of-production.
3. Compute depreciation for the first year under double-declining-balance.
Students: The scratchpad area is for you to do any additional work you need to solve this question or can be used to show your work.
Nothing in this area will be graded, but it will be submitted with your assignment.
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