IE QS 8-7 (Static): Computing depreciation under different methods LO P1 Equipment costing $13,000 with a 10 -year useful life and an estimated $3,000 salvage value is acquired and started operating on January 1 . The equipment is estimated to produce 2,000 units of product during its life. It produced 160 units in the first year. Compute depreciation for the first year under straight-line, units-of-production, and double-declining-balance. Novigation: 1. Use the Open Excel in New Tob button to launch this question. 2. When finkhed in Excet, use the Sove and Return to Assignment button in the lower night to return to Coninect