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.

Required information [The following information applies to the questions displayed below.] 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. ompute depreciation for the first year under straight-line, units-of-production, and double-declining-balance. Complete this question by entering your answers in the tabs below. Compute depreciation for the first year under straight-line. Compute depreciation for the first year under units-of-production. Compute depreciation for the first year under double-declining-balance