Required information Use the following information for the Quick Studies below. $($Algo$)[$The following information applies to the questions displayed below.$]$ Equipment costing $\backslash (\backslash$$ $21,600\backslash )$ with a $5-$year useful life and an estimated $\backslash (\backslash$$ $3,600\backslash )$ salvage value is acquired and started operating on January $1.$ The equipment is estimated to produce $3,000$ units of product during its life. It produced $450$ 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. Compute depreciation for the first year under units$-$of$-$production.

Journal entry worksheet

A

$B$

C

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

Note: Enter debits before credits.

$\backslash$table$[[$Transaction$,$General Journal,Debit,Credit$],[1,,,],[,,,],[,,,],[,,,],[,,,]]$

$$

Journal entry worksheet

A

$B$

C

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

Note: Enter debits before credits.

$\backslash$table$[[$Transaction$,$General Journal,Debit,Credit$],[1,,,],[,,,],[,,,],[,,,],[,,,]]$

$$