Equipment costing $$13,000$ with a $10-$year useful life and an estimated $$3,000$ salvage value is acquired and started operating on January $1.$ The equipment is estimated to produce $2,000$ units of product during its life. It produced $160$ units in the first year.

QS $8-7($Static$)$ Computing depreciation under different methods LO P$1$

Compute depreciation for the first year under straight$-$line, units$-$of$-$production, and double$-$declining$-$balance.