Required information Use the following information for the Quick Studies below. (Algo) [The following information applies to the questions displayed beiow] Equipment costing $4,800 with a 10 -year useful life and an estimated $800 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 yeat. QS 8-7 (Algo) Computing depreciation under different methods LO P1 Compute depreciation for the first year under straight-line, units-of-procuction, and double-declining-balance. Complete this question by entering your answers in the tabs below. Compute depreciatian 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 $4.800 with a 10-year useful life and an estimated $800 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 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 units-of-production. Required information Use the following information for the Quick Studies below. (Algo) [The following information applies to the questions displayed below] Equipment costing $4,800 with a 10 -year useful life and an estimated $800 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 yeat. 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-declining-balance. Required information Use the following information for the Quick Studies below. (Algo) [The following information applies to the questions displayed below] Equipment costing $4,800 with a 10-year useful life and an estimated $800 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 8-8 (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-decliningbelance