QS 8-8 Recording depreciation journal entries @ P1 Refer to 9 QS 8-7 and record the journal entries for equipment depreciation for the first year under straight-line, units-of-production, and double-declining-balance. QS 8-7 Computing depreciation under different methods GP1 Equipment costing $13,000 with a 10-year useful life and an estimated $3,000 salvage value is acquired and started operating on January 1 . The equipment is estimated to produce 2,000 units of product during its life. It produced 160 units in the first year. Compute depreciation for the first year under straight-line, units-f-production, and double-declining-balance. QS 8-8 Recording depreciation journal entries ()P1 Refer to (5) QS 8.7 and record the journal entries for equipment depreciation for the first year under straight-line, unitsofproduction, and doubledecliningbalance