Equipment costing $13,000 with a 10 -year useful tife and an estimated $3,000 salvage value is acquired 05 8-7 and started operating on January 1. The equipment is estimated to produce 2,000 units of product during Computing deprechation its life. It produced 160 units in the first year. Compute depreciation for the first year ander straight-line, under differemt units-of-production, and double-declining-balance. methods P1 Refer to QS 8-7 and record the journal entries for tquipment depreciation for the first year under straight- QS 8-8 line, units-of-production, and double-declining-balance. Recording depreciation loumol entries P1