Required information Use the following Information for the Quick Studies below. (Static) The following information applies to the questions displayed below] Equipment costing $13,000 with a 10-year usefuil tife and an estimated $3,000 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 160 units in the first year. QS 8-8 (Static) Recording depreciation journal entries LO P1 Record the journal entries for equipment depreciation for the first year under straight-line, units-of-production, and doubledeclining-balance. Journal entry worksheet C. Record depreciation for the first year under straight-line. Notes Enter debiti before credits