Cost Residual value Useful life, in years Method A depreciation 2,500 32,000 7,000 10 Next, select the equation and show the computation of depreciation under Method B. (Enter any depreciation rate as a decimal to two places, Depreciation rate per year x Asset book value 32000 25600 Method B depreciation 2016 $ 2017 $ Finally, select the equation and show the computation of depreciation under Method C. (Enter any depreciation rate as a decimal to two places, 0.2 6,400 0.2 5,120 Depreciation per unit Number of units Method C depreciation 5600 13600 2016 31250 2017 hoose from any list or enter any number in the input fields and then click Check Answer 7mid-summary (similar to) Question Help Suppose DeliverQuick purchased equipment on January 1, 2016, for $32,000. The expected useful life of the equipment is 10 years or 31,250 units of production, and its residual value is $7,000. Under three depreciation methods, the annual depreciation expense and the balance of accumulated depreciation at the end of 2016 and 2017 are EEB (Click the icon to view the data.) Read the requirements Requirement 1. Identify the depreciation method used in each instance, and show the equation and computation for each; round to the nearest dollar Begin by identifying the depreciation method used in each instance. Depreciation method used Straight-Line MethodA Method B Double-Declining-Balance Method C Now, select the equation and show the computation of depreciation under Method A. (Abbreviation used: Depr = Depreciation) Units-of-Production Cost 32,000 Residual value Useful life, in yearsMethod A depreciation 7,000 10 2,500 Next, select the equation and show the computation of depreciation under Method B. (Enter any depreciation rate as a decimal to two places, hoose from any list or enter any number in the input fields and then click Check Answer i Requirements 1. Identify the depreciation method used in each instance, and show the equation and computation for each; round to the nearest dollar. 2. Assume continued use of the same method through year 2018. Determine the annual depreciation expense, accumulated depreciation, and book value of the equipment for 2016 through 2018 under each method, assuming 13,000 units of production in 2018. Print Done