Skysong, Inc. purchased equipment on January 1, 2021 for $90,000. It is estimated that the equipment will have a $5,000 salvage value at the end of its 5-year useful life. It is also estimated that the equipment will produce 100,000 units over its 5-year life. Answer the following independent questions. (a) Compute the amount of depreciation expense for the year ended December 31, 2021 using the straight-line method of depreciation. Straight-line method $ eTextbook and Media Save for Later Using multiple attempts will impact your score. 25% score reduction after attempt 2 per year Attempts: 0 of 5 used Submit Answer (b) The parts of this question must be completed in order. This part will be available when you complete the part above. (c) The parts of this question must be completed in order. This part will be available when you complete the part above.

Skysong. Inc. purchased equipment on January 1, 2021 for $90,000. It is estimated that the equipment will have a $5,000 salvage value at the end of its 5 -year useful life. It is also estimated that the equipment will produce 100,000 units over its 5 -year life. Answer the following independent questions. (a) Compute the amount of depreciation expense for the year ended December 31, 2021 using the straight-line method of depreciation. Straight-line method per year eTextbook and Media Using multiple attempts will impact your score. 25% score reduction after attempt 2 (b) The parts of this question must be completed in order. This part will be available when you complete the part above. (c) The parts of this question must be completed in order. This part will be available when you complete the part above