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Question 2: ABC Corporation purchased equipment on April 1, 2013 for $175,000. Estimated useful life of the equipment is 8 years; and 110,000 units of production; and has an estimated salvage value is $10,000. In 2014 the company produced 11,000 units in 2014.Calculate the depreciation expense in 2014 under: 1- Straight line method 2- Sum of the years digits 3- Double declining balance 4- Units of production method 5- Which method results in the lowest book value at the end of 2014? 6- A Which method results in the lowest book value at the end of the useful life