Compute depreciation for the first year under straight-line, units-of-production, and double-declining-balance.

Ch 8: Homework i Saved 3 Required information Part 1 of 2 Use the following information for the Quick Studies below. (Algo) [The following information applies to the questions displayed below.] 769 Equipment costing $38,400 with a 8-year useful life and an estimated $6,400 salvage value is acquired and started points operating on January 1. The equipment is estimated to produce 4,000 units of product during its life. It produced 600 units in the first year. eBook QS 8-7 (Algo) Computing depreciation under different methods LO P1 Hint Compute depreciation for the first year under straight-line, units-of-production, and double-declining-balance. Print Complete this question by entering your answers in the tabs below. References Required 1 Required 2 Required 3 Compute depreciation for the first year under straight-line. Straight-Line Depreciation Choose Numerator: 1 Choose Denominator: Annual Depreciation Expense = Depreciation expense