02) Star Company purchased equipment on January 1, 2021 for 190.000 de 55.000 salvage value at the end of its 5-year useful life. It is not the units over its 5-year life. (15 marks) Instructions Answer the following independent questions. 1. Compute the amount of depreciation expense for the year ended December 31, 2021 uning the straight line metro of depreciation. What is the book value of this asset in Dec 31, 2023 2. If 16,000 units of product are produced in 2021 and 24,000 units are produced in 2022 what is the book value of the equipment at December 31, 2022? The company uses the units-of-activity depreciation method 3. If the company uses the double-declining-balance method of depreciation, what is the balance of the Accumulated Depreciation-Equipment account at December 31, 2023? Show your answer here