8 Problem Depreciation 30 points Marlow Company purchased equipment on January 1, 2019 for $70,000. 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 useful life. 8 9 20 21 12 rooo Compute the amount of depreciation expense for the years ended December 31, 2019 and December 31, 2020 using the following 3 methods: Straight-line Units of activity: 16,000 units produced in 2019 and 24.000 units produced in 2020. Double declining balance Straight-line 24 27 28 29 30 b Units of activity 34 35 36 37 38 39 40 Sheet1