Problems. Th problem number. Show all work for complete credit. You may so desire. Please be NEAT Problems portion of the test is worth a total of 30 points. ere are four problems. Each one is worth the score indicated next to the attach extra pages if you when writing your answers. I cannot grade illegible answers. points) Brenan, Inc. purchased equipment at the beginning of 2004 for $2.100.000 Brenan. The equipment has an estimated residual value (salvage value) of $100,000 and an estimated life of 5 years or 100,000 hours of operation. The for 15,000 hours in 2004, 20,000 hours in 2005, 35,000 hours in 2006, 20,000 hours in 2007, and 10,000 hours in 2008. Create a depreciation schedule for each of the following depreciation methods for the years 2004 to 2008: 1. 2. 3. Straight-line depreciation method Units-of-production method Double-declining-balance depreciation method a. Straight-Line Cost Book Value Depreciation Accumulated Book Value theginning) -Expense-. Depreciation -(ending) ,100, 00 D Date ,0, 2,180, 0 400,00o 2,100,000 | 1,100,000 | 400,000 2005 | Soo,o 2006210,0 1,300, 6400,000 1,200,000 00.0 2008 2,10 b. Units-of-Production Book Value Depreciation Accumulated Book Value (beginning) Expense Depreciation (ending) Date ors,coo 2,60 S, Doo 2,030,ooro 2004 2,100,9 2,035, 126,000 35, opo 7D, bo 2,100,00 2,1 00,e0 o 2,Ioo,col 20 0D0 c. Double-Declining Balance