EXERCISE #4 - DEPRECIATION METHODS (15 pts. Douglas Company purchased equipment on January 1, 2020 for $150,000. It is estimated that the equipment will have a $10,000 salvage value at the end of its 10-year useful life. It is also estimated that the equipment will produce 200.000 units over its 10-year life. Instructions: Answer the following independent questions. Show Work! 1. Compute the amount of depreciation expense for the year ended December 31, 2020 and 2021 and the Book Value at December 31, 2020, using the straight-line method of depreciation cost-Seluoge value useful life in you 150,0 10,000year 12/31/20 Depreciation Expenses 140,000 12/31/21 Depreciation Expense$__ 12/31/21 Book Value $ 2. If 20,000 units of product are produced in 2020 and 24,000 units are produced in 2021, what is the depreciation expense for 2020, 2021 and the book value of the equipment at December 31, 2021? The company uses the units-of-activity depreciation method 12/31/20 Depreciation Expenses 12/31/21 Depreciation Expense $ 12/31/21 Book Value $ 3. If the company uses the double-declining-balance method of depreciation, what is the depreciation expense for 2020 and 2021? In addition, calculate the Book value at December 31, 2021 and the balance of the Accumulated Depreciation Equipment account at December 31, 2021? 12/31/20 Depreciation Expenses 12/31/21 Depreciation Expenses 12/31/21 Accumulated Depreciation $ 12/31/21 Book Value $