Young Concrete Ltd purchased equipmenton 1 January 2017 for $132,000. The expected life ofthe | equipment is 10 years, or 150,000 units of production, and its residual value is $12,000.The equipment produces 8,000 units and 13,000 units in years 2017 and 2018 respectively. Underthree depreciation methods, the annual depreciation expense and the balance of accumulated depreciation at theend of 2017and 2018 are as follows: Method A Method B Method C Year Annual Accumulated Annual AccumulatedAnnual Accumulated ciation depreciation dep expense 6,400 reciation dep depreciation dep expense reciation de epreciation expense 28,116 50,244 expense expense expense 2017 2018 12,000 12,000 12,000 24,000 6,400 16,800 28,116 22,128 10,400 REQUIRED (a) Identify from the three major methods the depreciation method used in each instance, and show how the annual depreciation has been calculated (Rounded to the nearest dollar/ showing full workings (b) Assume continued use ofthe same method in 2019. Determine the annual depreciation expense, accumulated depreciation and carrying amountofthe equipment for 2019 under each method, assuming 10,000 units of productionin 2019 (c) Depreciation is a concept used in accrual accounting. Ofthe depreciation methods above discuss the reasons for selecting one alternative method of dep dictated by accrual accounting and the matching principle. (60 words limit) reciation overanother as (d) The carrying amount of a fixed asset (Cost less accumulated depreciation) measures the market value ofthe asset. Discuss stating whether you agree or disagree with the statement and why? (40 words limit) (e) With reference to the equipment purchased by Concrete Ltd above assuming the equipment was sold at the end of 2018 for $98000 cash describethe impact of such a sale on the accounting equation A L+OE (NOTE: assume the asset is depreciated under the straightline method of depreciation)