Question 3: 30 points AL Mulla Company purchased an equipment for $60,000 on January 1st 2021. The useful life of the equipment is 5 years or 100,000 hours, the residual value is expected to be $8,000. Question: Compute the depreciation expense for the years 2021 and 2022 under each of the following methods and insert your final answer in the table below. a) Straight line method (10 points) Calculation OAssessment.pdf 4/5 100% + 1 b) Unit of activities method (10 points) The number of hours used during 2021 and 2022 are: 20,000 hours in 2021 and 30,000 hours in 2022. Calculation c) Declining balance method (10 points) Calculation Insert your final answer in this table Straight line Year 2021 Year 2022 Unit of activities Declining balance