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Required information Use the following information for the Quick Studies below. (Algo) [The following information applies to the questions displayed below.] Equipment costing $33,600 with a 8 -year useful life and an estimated $5,600 salvage value is acquired and started 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. QS 8-8 (Algo) Recording depreciation journal entries LO P1 Record the journal entries for equipment depreciation for the first year under straight-line, units-of-production, and double-decliningdalance. Journal entry worksheet Record depreciation for the first year under straight-line. Note: Enter debits before eredits. Record the journal entries for equipment depreciation for the first year under straight-ine, units-of-production, and double-decliningbalance. Journal entry worksheet Record depreciation for the first year under units-of-production. Note: Enter debats before credits. QS 8-8 (Algo) Recording depreciation journal entries LO P1 Record the journal entries for equipment depreciation for the first year under straight-line, units-of-production, and double-decliningbalance. Journal entry worksheet Record depreciation for the first year under double-declining-balance. Note: Enter debits before credits