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Equipment costing $$33,600$ with a $8-$year useful life and an estimated $$5,600$ salvage value is acquired and started operating on January $1.$ The equipment is estimated to produce $4,000$ units of product during its life. It produced $600$ units in the first year.

Compute depreciation for the first year under straight$-$line, units$-$of$-$production, and double$-$declining$-$balance.

Complete this question by entering your answers in the tabs below.

Required $1$

Required $2$

Required $3$

Compute depreciation for the first year under units$-$of$-$production.

$\backslash$table$[[$Select formula for the depreciation rate of Units of Production:$],[$Calculate the first year depreciation expense:$],[$Depreciation per unit,$],[$Units in first year,$],[$Depreciation in first yea,$]]$