Use the following information to answer the next three questions. Nicholson purchased a piece of equipment on for AED 60,000. The equipment has an estimated useful life of eight years or 50,000 units of production and an estimated salvage value of AED 6,000. 24. The amount of depreciation to be recorded for year 2 using the straight-line method of calculating depreciation, is AED 7,500. + The amount of depreciation to be recorded for year 1 using the double-declining balance method, is A509 B. AED 6,750. C AED 15,000. D. AED 13,500. 25. A AED 13,500. B. AED 6,000. C. AED 15,000. D AED 12,000. 26. The amount of depreciation to be recorded in year 1 using the units-of-activity method and assuming that 6,500 units are produced, is A. AED 4,680. ABCD B. AED 7,800. C. AED 5,200. D. AED 7,020.