answer The following questions

1. Calculate the amount of depreciation expense to report for the years ended December 31, 2016 and December 31, 2017 for equipment purchased on July 1, 2016 for $26,000. The equipment has a salvage value of $2,000 and an estimated useful life of 4 years or 24,000 hours. Assume the equipment was used for 2,000 hours from July 1, 2016 to December 31, 2016. Assume the company uses: a) Straight Line method: 2010 4carl partial (oo0xlaa aoi:ycara tul year -ta ooD-200014 S60 b) Double declining Balance method: c) Units of Production method: 2. Prepare the Journal Entry to record the depreciation for a) above: Account Titles & Explanation Credi Debit Date