Required information

$[$The following information applies to the questions displayed below.$]$

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.

Record the journal entries for equipment depreciation for the first year under straight$-$line, units$-$of$-$production, and double$-$decliningbalance.

Journal entry worksheet

A

B

C

Record depreciation for the first year under straight$-$line.

Note: Enter debits before credits.

$\backslash$table$[[$Transaction$,$General Journal,Debit,Credit$],[1,,,],[,,,],[,,,],[,,,]]$

Prey

$7$

of $10$

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