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Required information

Use the following information for the Quick Studies below. $($Algo$)$

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Equipment costing $$21,600$ with a $10-$year useful life and an estimated $$3,600$ 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 $300$ units in the first year.

QS $8-7($Algo$)$ Computing depreciation under different methods LO P$1$

Compute depreciation for the first year under straight$-$line, units$-$of$-$production, and double$-$declining$-$balance.

Complete this question by entering your answers in the tabs below.

Required $1$

Required $2$

Required $3$

Compute depreciation for the first year under straight$-$line.

$\backslash$table$[[$Choose Numerator:,$1,$Choose Denominator:,$=,$Annual Depreciation Expense$],[,1,,=,$Depreciation expense$],[,1,,=,]]$