Question #1-(6 POINTS): On January 1, 2017, Tareq Company purchased a new equipment for use in its production at a cost of $9,600. The estimated salvage value is $600. The equipment has a useful life of 4 years. During the useful life, the equipment is expected to be used 4,000 hours. Actual annual hourly use was: 2017: 1,200 hours; 2018: 1,100 hours; 2019: 900 hours; 2020: 800 hours. Instructions (a) Prepare depreciation schedules for the following methods: (1) the straight-line. (2) units-of-activity. Solution of Question #1 (6 POINTS): -