Question 1 (6 points) ACCT-2043 Spring 2020 9.1.1 Idea Furniture bought equipment February 3, 2021 for $150,000. The equipment is expected to last five years, produce 2,500,000 units and have an estimated residual value of $5,000. The equipment produced 800,000 units the first year, 900,000 the second year and 850,000 in the third year. Idea Furniture has a December 31 year end and pro-rates depreciation to the nearest month. Required: Calculate (show your calculations) the depreciation expense for the first year (to the nearest whole month) for each of the following methods a. Units of production (3 marks) b. Double diminishing-balance