Second: A company purchased an equipment system for $325,000 on January 1. The company expects the equipment to last for eight years or 60,000 hours of operation, with an estimated salvage value of $25,000. During the first year, the equipment was in operation for 8,000 hours, while in the second year, the equipment was in operation for 8,700 hours. Required: Compute the depreciation expense, accumulated depreciation, and book value relating to the equipment for Year 1 and Year 2 using the following depreciation methods: a. Straight-line b. Double-declining-balance. c. Units-of-production