Part 2: Calculation of Depreciation Orchid Lake Company new Expen1pm Feb purchased new equipment for $8, 100n Feb information is as follows: The equipment had a useful life of 3 years or Il The equipment has a salvage value equal Orchid Lake Company uses the calendar a salvage value equal to $4,200 at the end of its useful life. its fiscal year. Instructions: PLEASE SHOW YOUR WORK a. Compute the straight-line the depreciation expense for 2017 and 2018 using depreciation method 2018 2017 Computations: 2017: 8:100-42c 00 2018: b. Compute the depreciation expense for 2017 and 2018 using the double-declining- balance depreciation method. 2017 2018 Depreciation expense: Computations: 2017: 2018: The equipment was used for 2,925 total hours in 2017 and for 3.510 total hours in 2018. Compute the depreciation expense for 2017 and 2018 using the units-of- 2017 2018 Depreciation expense