Equipment costing $19,200 with a 10-year useful life and an estimated $3,200 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 300 units in the first year.

Journal entry worksheet Record depreciation for the first year under straight-line. Note: Enter debits before credits. Journal entry worksheet Record depreciation for the first year under units-of-production. Note: Enter debits before credits. Record depreciation for the first year under double-declining-balance. Note: Enter debits before credits