4) Dougan Company purchased equipment on January 1, 2014 for $90,000. It is estimated that the equipment will have a $5,000 salvage value at the end of its 5-year useful life. It is also estimated that the equipment will produce 100,000 units over its 5-year life. Instructions Complete the following (24 points). 1. Compute the depreciation expense for the year ended December 31, 2014, using the straight-line method of depreciation 2. Now assume the company uses the units of activity depreciation method. If 16,000 units of product are produced in 2014 and 24.000 units are produced in 2015, what is the depreciation expense for 2014 and 2015? 3. If the company uses the double-declining balance method of depreciation, what is the balance of the Accumulated Depreciation account at December 31, 2016? A. Straight-line method: B. Units of activity method: Depreciation Expense: 2014 2015 C. Double-declining-balance method: Book Value Beginning of Year Declining Balance Rate Depreciation Expense Accumulated Depreciation Book Value End of Year Year 2014 2015 2016