ment nment> open Assignment ACC 112 Project 1A On January 1, 2016, Nicholas Company purchased Office Equipment for $173,000 with an estimated useful life of 5 years, or 155,000 hours and a residual Compute the annual depreciation at the end of 2018, the 3rd year, under each of the following depreciation method for Nicholas Company: 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 using the Straight-Line Depreciation Method, calculate the amount of depreciation taken in 2018. (Round answers to 2 decimal places. Do not use dolla numbers reflected in your final answers, you must enter your answers with commas.) Annual Depreciation ( per year Depreciation in 2013 . Before moving onto the next section, please do the following (for screen help, click on the hyperlinks below): 1. Scroll to the end of the page and click on the "Save for Later" button to save your work 2. When you are ready to begin the next section, you can reference the work that you have completed by clicking on the "Printer Version" button at answers in a new window to help you complete the next section Complete these steps ach time you have imished a section. Do nor click on he rsmirApmns uton unt you have complee se