Q1) Pls answer

Quiz: QUIZ 10 Question 1 of 3 > Latt on Demand purchased a coffee drink machine on January 1, 2016, for $44,000. Expected useful life is 10 years or 100,000 drinks. In 2016, 3,000- Read the requirements This question: 30 point(s) possible nks. In 2016, 3,000 drinks were sold, and in 2017, 14,000 drinks were sold. Residual value is $4,000 Requirements 1. Determine the depreciation expense for 2016 and 2017 using the following methods: a. Straight-line b. Units-of-production c. Double-declining-balance 2. Prepare a schedule that shows annual depreciation expense, accumulated depreciation, and book value for 2016 and 2017 using the following methods:, a. Straight-line b. Units-of-production c. Double-declining-balance 3. Assume that Latt on Demand sold the equipment for $27,000 cash on July 1, 2018. Assume that management has depreciated the equipment by using the double-declining-balance method. Record Latt on Demand's depreciation for 2018 and the sale of the equipment on July 1, 2018. Print Done