can you please show all of the work. Also graw straight-line graph.

Take-home quiz; may be collected Tuesday 10/10 On 1/1/18ABCCCO acquired equipment for $50,000. It was to have an estimated useful life of 10 years, with a $1,000 salvage value. The following are INDEPENDENT questions. For each one, refer back to the original data! a. Compute annual depreciation using the straight-line method b. What is annual depreciation for 2018,2019 , and 2020 assuming declining balance method is used? c. Assume ABC uses straight line depreciation. During 2021 the useful life is revised to 8 years, and the expected salvage value revised to $2,000. What is the new depreciation rate for 2021 and beyond? d. Assume ABC uses straight-line depreciation. On 4/1/24 the equipment is sold for $20,000. Record all entries related to this transaction. Take-home quiz; may be collected Tuesday 10/10 On 1/1/18ABCCCO acquired equipment for $50,000. It was to have an estimated useful life of 10 years, with a $1,000 salvage value. The following are INDEPENDENT questions. For each one, refer back to the original data! a. Compute annual depreciation using the straight-line method b. What is annual depreciation for 2018,2019 , and 2020 assuming declining balance method is used? c. Assume ABC uses straight line depreciation. During 2021 the useful life is revised to 8 years, and the expected salvage value revised to $2,000. What is the new depreciation rate for 2021 and beyond? d. Assume ABC uses straight-line depreciation. On 4/1/24 the equipment is sold for $20,000. Record all entries related to this transaction