History Bookmarks Window Help Return to Blackboand Accounting Principles,(Custom Bronx Community College Edition) ment Open Assignment ACC 112 Project 1A On enuary 1,2018, Nichoias Company purchased ffce Equipment for $173,000 with an estimated uaseu life of S years, or 155,0 heun 1) Straight-Line Method 2) units of Production Method, assume that a total of 70,000 hours were used in 2018 3) Double-Declining Balance Method annual depreciation at the end of 2018, the 3rd year, under each of the following depreciation method for Nicholas Company Your answer is correct Using the Straight-Line Depreciation Method, caloulate the amount of depreciation taken in t reflected in your 2018. (Round answers to 2 decimal places. De not use dollar signs (s) whe comma-formatted final answers, you must enter your answers with commas) Annual D per year Depreciation in 2018 Before moving onto the next section, please do the foWowing (for screen help, click on the hyperlinks belew . Scroll to the end of the page and click en the "Save for Later button to save your work 3 6 7