Question: Calculation of depreciation $(10$ marks$)$On January $1,2020,$ TeddyBear Company acquired equipment costing $$150,000,$ which will be depreciated on the assumption tha equipment will be useful for five years and have a residual value of $$12,000.$ The estimated output from this equipment is as follorThe company is now considering possible methods of depreciation for this asset.a$.$ Calculate the depreciation expense for each year of the asset's life, if the company chooses:i$.$ the straight$-$line method $(2$ marks$)$Units$202015,000202124,000202230,000202328,000202418,000$ii$.$ The units$-$of$-$production method $(4$ marks$)$

iii. The double diminishing method $(4$marks$)$