Respond in step for each # exercise with the formula used, explain please.

EQUIPMENT
COST	$ 140,000
ESTIMATED LIFE		5	years	300,000	units
ESTIMATED SALVAGE VALUE			$14,000
1. Prepare a depreciation table for this asset using the straight line method.
			Depreciation	Accumulated	EOY
		Year	Expense	Depreciation	Book Value
		1
		2
		3
		4
		5
2. Prepare a depreciation table for this asset using the double declining balance method.
			Depreciation	Accumulated	EOY
		Year	Expense	Depreciation	Book Value
		1
		2
		3
		4
		5

3. Prepare a depreciation table for this asset using the units of production method.
			Units	Depreciation	Accumulated	EOY
Depreciation		Year	Produced	Expense	Depreciation	Book Value
Rate		1	60,000
		2	62,000
		3	65,000
		4	56,000
		5	43,000
4. Complete the following table assuming the asset was sold for $32,000 at the end of year 4.
			DEPRECIATION EXPENSE & GAIN/LOSS
			Year	Straight line	DDB	UOP
			1
			2
			3
			4
		Gain or loss on sale ($)
		4-year effect on income