Equipment purchased at the beginning of the scal year for P1 50,000 is expected to have a useful life of 5 years, or 15,000 operating hours, and a residual value of P30.000. Compute the depreciation for the rst and second years of use by each of the following methods: SHOW COMPUTATIONS (a) straightline (b) unitsofproduction (2.500 hours rst year. 3.250 hours second year) (c) decliningbale noe at twice the straightline rate Use the following format: 'lst year 2nd year straightline units-cf-production decliningbalance at twice the straightline rate