DEPRECIATION OF FIXED ASSETS: ASSET INFO: use the following information for all of the depreciation related questions that follow. Keeping Kids Active Company, Inc makes playground balls for children. KKAC, Inc purchased and began using (placed in service) a piece of equipment to help the company make the balls on MAY 1, 2020. The equipment cost $108,000 to purchase, $2,000 for delivery, and $5,000 for installation. At the time of purchase, KKAC estimates this equipment will be used for 5 years and have a salvage value of $15,000. KKAC expects to make 500,000 playground balls in total with this equipment