Only Highlighted yellow in attached doc.

Assume that the equipment in problem 1 is to be depreciated using the units-of-output method with a life estimate of 100,000 hours.Record the depreciation for the year if the equipment was actually used 23,000 hours.

Complete the straight-line and double-declining-balance depreciation tables below using the following: Equipment Cost $280,000 Residual Value 5,000 Life 5 years Assume that the equipment in problem 1 is to be depreciated using the units-of-output method with a life estimate of 100,000 hours. Record the depreciation for the year if the equipment was actually used 23,000 hours. Date Description Debit Credit