2. Marlow Company purchased equipment on January 1, 2016 for $90,000. It is estimated that the equipment will have a $5,000 residual value at the end of its 5-yeox useful We. is also estimated that the equipment will produce 100.000 units over its 5-year life. Instructions Answer the following independent questions. (a) Compute the amount of depreciation expense for the year ended December 31,20 using the straight line method of depreciation. (29%) (b) If 16,000 units of product are produced in 2016 and 24,000 units are produs 2017, what is the book value of the equipment at December 31, 2017? The co uses the units-of-activity depreciation method. (2%) (c) If the company uses the double-declining-balance method of depreciatic the balance of the Accumulated Depreciation Equipment account at D 2018? (3%) (a)