Equipment costing $$21,600$ with a $5-$year useful life and an estimated $$3,600$ salvage value is acquired and started operating on January $1.$ The equipment is estimated to produce $3,000$ units of product during its life. It produced $450$ units in the first year.

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

Complete this question by entering your answers in the tabs below.

Required

Required $2$

Required $3$

Compute depreciation for the first year under straight$-$line.

$\backslash$table$[[$Straight$-$Line Depreciation$],[$Choose Numerator:,I,Choose Denominator:,$=,$Annual Depreciation Expense$],[$Cost minus salvage,$1,$Estimated useful life $($years$),=,$Depreciation expense$],[,$I,,$=,]]$