Suppose SuperShip purchased equipment on January 1, 2018, for $77,000. The expected useful life of the equiprment is 10 years or 175,000 units of production, and its residual value is $7,000. Under three depreciation methods, the annual depreciation expense and the balance of accumulated depreciation at the end of 2018 and 2019 are EEB (Click the icon to view the data.) Read the requirements. Requirement 1. Identify the depreciation method used in each instance, and show the equation and computation for each, round to the nearest dolla Bcgin by identifying the depreciation method used in each instance Depreciation method used Straight-Line Method A Method B Doublo-Doclining-Balancc Method C Now, select the equation and show the computation of depreciation under Method A. (Abbrew Data Table Method A Method B Method C Cost Residual value Useful life, in Annual Annual Annual 7,000 77,000 10 Depreciation Accumulated Depreciation Accumulated Depreciation Accumulated Next, select the equation and show the computation of depreciation under Method B. (Enter Year 2018|$ 7,000 $. 7,000 is 15.400 2019 Expense Depreciation Expense Depreciation Expense Depreciation Asset book value x Depreciation rate per yearMethod B S 15,400 2,000 S 2,000 77,000 15.4 0.2 2018 $ 8,000 7000 14,000 12.320 27,720 6,000 Enter any number in the edit fields and then click Check Answer Requirement 2. Determine the annual depreciation expense, accumulated depreciation, and book value of the equipment for 2018 through 2020 under each method, assuming 8,000 units of production in 2020. Begin with Method A. Method A Annual Depreciation Expense Accumulated 1. Identify the depreciation method used in each instance, and show the equation and computation for each, round to the nearest dollar Determine the annual depreciation expense, accumulated depreciation, and book value of the equipment for 2018 through 2020 under each method assuming 8,000 units of production in 2020 Year Start 2018 S 2019 2020 Depreciation Book Value 2. 7,000 7,000 7,000 14,000 Print Done Enter any number in the edit fields and then click Check