prepare a partnership liquidation schedule

Problem I: Calculate the depreciation expense from the following (25 points): The company purchased equipment for $375,000 that had an estimated life of 8 years, in addition it also had a life of 1,000,000 hours. The estimated junk or residual value is $25,000. The equipment was used 156,000 hours during the first year of operation. a. Calculate the depreciation expense using the Units of Production method for the first year (10 pts.) b. Calculate the first and the second years depreciation expense using the Double Declining Balance method (15 pts.)