Required information [The following information applies to the questions displayed below.] Equipment costing $60,000 with a 4 -year useful life and an estimated $10,000 salvage value is acquired and started operating on January 1. The equipment is estimated to produce 5,000 units of product during its life. it produced 750 units in the first year. ompute 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. Compute depreciation for the first year under straight-line. [The following information applies to the questions displayed below.] Equipmem costing $60,000 with a 4-year useful life and an estimated $10,000 salvage value is acquired and started operating on January 1. The equipment is estimated to produce 5,000 units of product during its life. It produced 750 units in the first year. ompute 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. Compute depreciation for the first year under units-of-production. Equipment costing $60,000 with a 4-year useful life and an estimated $10,000 salvage value is acquired and st operating on January 1 . The equipment is estimated to produce 5,000 units of product during its life. It produce 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. Compute depreciation for the first year under double-declining-balance. Double-declining-balance depreciation for the first year