Required Informetion

Use the following information for the Quick Studies below. $($Algo$)$

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

Equipment costing $$21,600$ with a $10-$year useful life and an estimated $$3,600$ salvage value is acquired and started operating on January $1.$ The equipment is estimated to produce $2,000$ units of product during its life. It produced $300$ units in the first year.

QS $8-7($Algo$)$ Computing depreclation under different methods LO P$1$

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 $2$

Required $3$

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

$\backslash$table$[[$Select formula for the depreciation rate of Units of Production:$],[($Cost $-$ Salvage value$)\frac{?}{?}$ Total units of production$],[$Calculate the first year depreciation expense:$],[$Depreciation per unit$],[$Units in first year$],[$Depreciation in first year$]]$