Units Cost $13,000 EUL 10 Salvage $3,000 Total + Year 1 160 2.000 D 1 2 Equipment costing $13,000 with a 10-year useful fe and an estimated $3.000 salvage value 3 acquired and started operating on January 1. The equipment is estimated to produce + 2,000 units of product during its life. It produced 160 units in the first year. 5 6 Required: 7 1. Compute depreciation for the first year under straight line (Uwe cells A2 to 34 from the given information to complete this question) 10 11 Straight Une Depreciation Annual Depreciation 12 Choose Numerator Choose Denominator Expense 13 Costminus salvage Estimated usefu fe fyears) Depreciation expense 14 510.000 10 $1.000 15 2. Compute depreciation for the first year under units of production 17 16 (Use cells A2 to 4 from the given information to complete this question) 19 20 Select formula for the depreciation rate of Units of Production 21 Cost - Salvage value/Total units of production 22 Calculate the first year depreciation expenses 23 Depreciation per unit 24 Units in hrst year 25 Depreciation in first year 26 27 1. Compute depreciation for the first year under double declining balance 20 A than in the main A Graded Worksheet +