A Company purchased equipment on January 1, 2019, for AED 70,000. It is estimated that the equipment will have an AED 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. Required: Solve the following independent questions where you need to show all the required calculations: Part A: (2 marks) Compute the amount of depreciation expense for the year ended December 31, 2020, using the straight-line method of depreciation. Part B: (1 mark) If 16,000 units of product are produced in 2019 and 24,000 units are produced in 2020, what is the book value of the equipment at December 31, 2020? The company uses the units-of-activity depreciation method. Part C: (1% marks) If the company uses the double-declining-balance method of depreciation, what is the balance of the Accumulated Depreciation- Equipment account on December 31, 2020?