Equipment costing $54,000 with a 5 -year useful life and an estimated $9,000 salvage value is acquired and started operating on January 1 . The equipment is estimated to produce 3,000 units of product during its life. It produced 450 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. A Record depreciation for the first year under straight-line. B Record depreciation for the first year under units-ofproduction. C Record depreciation for the first year under doubledeclining-blance