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. \begin{tabular}{|ccc|cr|} \hline Cost & EUL & Salvage & Total & Year 1 \\ \hline$13,000 & 10 & $3,000 & 2,000 & 160 \\ \hline \end{tabular} Required: 1. Compute depreciation for the first year under straight-line. Straight-Line Depreciation \begin{tabular}{|c|c|c|c|c|} \hline Choose Numerator: & 1 & Choose Denominator: & = & AnnualDepreciationExpense \\ \hline & 1 & & = & Depreciation expense \\ \hline & 1 & & = & \\ \hline \end{tabular} 2. Compute depreciation for the first year under units-of-production. Select formula for the depreciation rate of Units of Production: Calculate the first year depreciation expense: \begin{tabular}{|l|l|} \hline Depreciation per unit & \\ \hline Units in first year & \\ \hline Depreciation in first year & \\ \hline \end{tabular} 3. Compute depreciation for the first year under double-declining-balance. Double-declining-balance depreciation for the first year