Use the following information for the Quick Studies below. (Algo) [The following information applies to...
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Use the following information for the Quick Studies below. (Algo) [The following information applies to the questions displayed below] Equipment costing $38,400 with a 8 -year useful life and an estimated $6,400 salvage value is acquired and started operating on January 1. The equipment is estimated to produce 4,000 units of product during its lfe. it produced 600 units in the first year. QS 10-7 (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 fint year under straight-line. 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 2 neguinatas 3
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