AGR Products acquired equipment on January 1, 2021 for $30,000. The equipments an estimated useful life of 10 years and an estimated residual value of $30,000. The equipment is expected to produce 300,000 units. During 2021, the equipment produced 50,000 units and during 2022, the equipment produced 75,000 units. Calculate depreciation expense for 2021 and 2002 under each of the following methods. (8 pls) 2021 2022 Straight line Units of Production Double Declining Balance Matell company bought land, a building, and equipment for a lump sum of $400,000. Following are the appraised fair market values of the newly acquired assets: Land $50,000 Building 300,000 Equipment 150,000 Determine the cost of each asset and then record the entry for the purchase, assume cash was paid on December 31,2021. (7 pts) General Journal Accounts Debit Credit Date