Remaining Time: 1 hour, 34 minutes, 49 seconds. Question Completion Status: Moving to the next question prevents changes to this answer Question 1 of 6 Question 1 20 points On January 1, 2019 ABC Company purchased equipment costing $10,000,000, and its residual value is $1,000,000. The estimated useful life of the asser is nine years. Further, management expects to use the equipment for 9,000 hours over its life. In 2019 the equipment was used for 2,500 hours, and in 2020 the equipment was used for zero hours. REQUIRED Compute depreciation, AND SHOW ALL COMPUTATIONS, for calendar years 2019 AND 2020 using the following methods. a. Straight line b. Double declining c Units of activity gig For the toolbar, press ALTF10 (PC) or ALT+FN+F10 (Mac). TT T Arial 3 (12pt) T-E- A Straight Line 1st year: (10,000,000 1,000,00079 - 1,000,000 2nd year: (10,000,000 1,000,000/ 1,000,000