On 3 January 2017, Joe Campbell Photography paid $224 000 for photo equipment. In addition to the purchase price, Campbell paid $700 freight charges, $100 insurance for the equipment while in transit, $12 100 customs duty, and $3 100 for specialised training to be able to use the equipment. Campbell estimates that the equipment will remain in service for five years and have a residual value of $20 000. The equipment should produce 50 000 photos the first year, with annual production decreasing by 5000 photos during each of the next four years (that is, 45 000 photos in year 2, 40 000 in year 3 and so on-a total of 200, 000 photos). In trying to decide which depreciation method to use, Campbell has requested a depreciation schedule for each of three depreciation methods (straight line, units of production and reducing balance) Requirement 1) Prepare a depreciation schedule showing asset cost, depreciation expense, accumulated depreciation expense and asset carrying amount by using straight line depreciation method, units of production method and reducing balance method