New tire re-treading equipment, acquired at a cost of $120,000 on 1/2/06, has an estimated useful life of 5 years and an estimated residual value of $10,000. The manager requested information regarding the alternative methods on the amount of depreciation expense Instructions: Determine the amount of depreciation expense, accumulated depreciat book value for the years ended December 31 2006,2007 2008.2009,2010 0y ion, a nd . the straight line method the double declining balance method units of production Assume that it is estimated that the equipment will be used for 10,000 operating hours. (2,500 (06), 3,000 (07), 2.750 (08). 1,500 (09), 250 (2010) Present and submit all of your work in the Problem 3 Part 1 Tab)