6 points Equipment is purchased for $18,000 on 1/1/23. This equipment has a useful life of 10 years and a residual value of $3,000. A. How much depreciation will be recorded in year 1 using the straight-line method?\$ B. What will be the book value of the equipment after two years of straight-line depreciation? \$ C. What will be the book value of the equipment once is has been fully depreciated? \$ Bpoints Equipment is purchased for $18,000 on 1/1/23. This equipment has a useful life of 10 years and a residual value of $3,000. A. How much depreciation will be recorded in year 1 using the double-declining balance method?\$ B. How much depreciation will be recorded in year 2 using double-declining balance depreciation?\$ C. What will be the book value of the equipment after year 2 using double-declining balance depreciation? \$ D. What will be the book value of the equipment once is has been fully depreciated? \$