Refer to QS 8-7 and record the journal entries for equipment depreciation for the first year under straight-line, units-of-production, and double-declining-balance.

Data from QS 8-7

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. Compute depreciation for the first year under straight-line, units-of-production, and double declining-balance.