KEY DEPRECIATION POINTS BE SURE TO SHOW THE CALCULATIONS Porter Business Products acquired equipment on APRIL 1, 2008 for $470,000. The equipment has an estimated useful life of 5 years and an estimated residual value of $30,000. The equipment is expected to produce 150,000 units. During 2008, the equipment produced 20,500 units and during 2009, the equipment produced 60,000 units. COMPUTE THE RELATED DEPRECIATION ITEMS USING THE FOLLOWING MEHTODS INDICATED. A. 7 straight-line method Provide the $_ for the accumulated depreciation account balance at December 31, 2009. cost-Salvage SIL Bought 41112076 470,000-30,00u = shor Cost 470,00 - A murths Scf, awx 9600 Selvage 3o ovu = 88, uw expenses life steun Book value = cost - Arcum Full your B. 7double declining-balance method Depreciation Book Value of the equipment on the balance sheet as of December 31, 2009 - Base=74au- you = 70,00 99000 128372187 y 4040 47olon - 66, gion find cost perunit 700/10.000=87 Y experses flow Full your 66.ow w c. 6 Units of Activity (Production) method. Deprecat 15kwu 4Cchem Please calculate the gain or loss on sale of the equipment under Units of Activity method. Assume the equipment was sold for $300,000 on January 1, 2010. Gain or loss (circle one) and $_ dollar amount