Required information Use the following information for the Quick Studies below. (Algo) [The following information applies to the questions displayed below] Equipment costing $21,600 with a 5-year useful life and an estimated $3,600 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 P1 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 straight-line. Required information Use the following information for the Quick Studies below. (Algo) [The following information applies to the questions displayed below.] Equipment costing $21,600 with a 5 -year useful life and an estimated $3,600 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 P1 Compute depreciation for the first year under straight-line, units-of-production, and double-dectining-balance. Complete this question by entering your answers in the tabs below. Compute depreciation for the first year under double-decining-balance. Required information Use the following information for the Quick Studies below. (Algo) The following information applies to the questions disployed below] Equipment costing $21,600 with a 5 -year useful life and an estimated $3,600 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 producod 450 units in the first year. OS 8-7 (Algo) Computing depreciation under different methods LO P1 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 depredation for the first year under units-of-production. Equipment costing $21,600 with a 5-year useful life and an estimated $3,600 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 8-8 (Algo) Recording depreciation journal entries LO P1 Record the journal entries for equipment depreciation for the first year under straight-line, units-of-production, and double-decliningbalance. Journal entry worksheet Record depredation for the first year under straight-line. [The following information applies to the questions displayed below] Equipment costing $21,600 with a 5-year useful life and an estimated $3,600 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 8-8 (Algo) Recording depreciation journal entries LO P1 Record the journal entries for equipment depreciation for the first year under straight-line, units-of-production, and double-decliningbalance. Journal en ry worksheet Record depreciation for the first vear under units-of-production. Use the following information for the Quick Studies below. (Algo) [The following information applies to the questions displayed below] Equipment costing $21,600 with a 5 -year useful life and an estimated $3,600 salvage value is acquired and started operating on January 1 . The equipment is estimated to produce 3,000 unas of product during its life. It produced 450 units in the first yoar. QS 8.8 (Algo) Recording depreciation journal entries LO P1 Rocord the journal entries for equipment depreciation for the first year under straight-line, units-of-production, and double-decliningbalance. Journal entry worksheet Record depreciation for the first year under double-declining-balance