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.\ Record the journal entries for equipment depreciation for the first year under straight-line, units-of-production, and double-declining balance.\ Journal entry worksheet\ A\ B\ C\ Record depreciation for the first year under straight-line.\ Note: Enter debits before credits.\ \\\\table[[Transaction,General Journal,Debit,Credit],[1,,,]]

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. ecord the journal entries for equipment depreciation for the first year under straight-line, units-of-production, and double-declinin alance