Assume you are computing the depreciation expense of a piece of equipment for the fiscal

year ended $30$ June $2023($FY $2022/2023)$ for XYZ Inc. The equipment was acquired on $1$ July

$2022$ with a purchasing price of $$150,000,$ the equipment is expected to have a useful life of

eight years with a salvage value of $$5,000.$ You also gather the following information:

Use Straight$-$Line method, Units of Production method and Double$-$Declining Balance method

to calculate the depreciation expense for the fiscal year ended $30$ June $2023.$

Note: fiscal year is assumed to start on $1$ July $2022$ and end on $30$ June $2023$