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Computing Partial Period Depreciation under Multiple Depreciation Methods To demonstrate the computations involved in several methods of depreciating a fixed asset, the following information is provided. Required Compute the annual depreciation using each of the following methods assuming that the asset was purchased on August 1 of the current year. a. Straight-line depreciation: Compute the annual depreciation rate and amount for each year. Carry all decimals in calculations, round finat answers to the nearest dollar. Deprecationrate. b. Units-of-production method using service hours as a measure of input: Compute the depreciation rate and amount for the first partial year assuming 3,600 service hours of actual operation. c. Units-of-production method using units produced as a measure of output. Compute the depreciation rate and amount for the first partial year assuming 7,200 units of cutput. Depreoationrates c. Units-of-production method using units produced as a measure of output Compute the depreciation rate and amount for the first partial year assuming 7,200 units of output d. Sum-of-the-years digits method: Compute the depreciation amount for each year. Carry all decimals in calculations; round final answers to the nearest dollar. e. Double declining balance methodi Compute the depreciation amount for each year. Carry all decimals in calculations; round final answers to the nearest dollar