Thomas Company purchased equipment for $640,000 cash on January 1, 2007. The estimated life is 5 years or 1,000,000 units: salvage value is estimated at $40,000. Actual activity was 100,000 units in 2007, and 150,000 units in 2008. Which of the following is true? Under the units-of-activity method, the depreciation in 2008 would be higher than 2007 Under the straight-line method the depreciation expense in 2007 would be different from that in 2008 Under the units-of-activity method, the depreciation in 2008 would be the same as 2007 Under the units-of-activity method, the depreciation in 2008 would be lower than 2007 Under the double declining method, the depreciation in 2008 would be the same as 2007