On January 1, an equipment costing $16,000 with a 5-year life and an estimated $1,000 salvage value. It was also estimated that the equipment would produce 100,000 units during its life. The actual units produced were 15,000 during its first year of operation, 30,000 units during the second year, 20,000 during the third year, fourth years and 25,000 units and the last year 10,000 units. Determine the amount of depreciation expense, accumulated depreciation and book value for 2 years only if the company uses : Straight line method Units-of-production method Double declining balance method. The adjusting entry for depreciation for the second year if the company using units-of production method. The effect on the balance sheet and income statement for the second year only if the company using Straight line method. d