1.) How do you compute the annual depreciation for the asset shown below, using the 4 Methods: Straight Line Method, Units of Production, Double Declining Balance, and Sum of year digits.

Equipment	Packaging
Cost	75,000
Salvage	3,000 $
Life	5	years
	150,000	miles

Information for the Units of Production Method:

Hours used:

Years 1 to 3 = 30,000 hours per year;

Years 4 to 6 = 20,000 hours per year.