On January 1, xxl, the company purchased an equipment for the price of $95,000. In addition, paid $2,000 for Installation costs. The estimated useful life is 5 years with a salvage value of $7,000. The company uses Straight line Depreciation Method. (4 points) 18. What is the depreciation expense amount for the year xxx1?$18,000 You MUST show your calculations: 95,000+2,000-97,000 (97,000 cost of equipment-7,000 salvage value]/5 (90,000/5) $18.000 (4 points) 19. What is the depreciation expense amount for the year xxx2? You MUST show your calculations: (4 points) 20. What is the book value for the equipment at the end for the year xxx3? YOU MUST show your calculations: (4 points) 21. What is the accumulated depreciation amount at the end of the year xxxt? You MUST show your calculations: (4 points) 22. On December 31, x how much? the company sold the equipment for $60,000. Indicate if the company had a gain or loss, and You MUST show your calculations: On January 1, xol, the company purchased an equipment for $150,000. The estimated salvage value is $15,000, and the estimated useful life is 8 years. The company estimated the equipment will produce 675,000 units. During the first year the equipment produced 70,000 units and during the second year produced 110,000 (4 points) 23. What is the depreciation amount of the equipment for the year xxxl and year xx2? You MUST show your calculations