Al's Car Wash purchased a piece of equipment on October 1,2008,for $27,000.The equipment has an estimated life of four years or 40,000 units of production and an estimated residual value of $2,000.Compute depreciation for 2008,2009,and 2010 using the following methods: (a)straight-line,(b)production,and (c)double-declining-balance.Assume that the company's fiscal year corresponds to the calendar year and that 3,000,12,000,and 8,000 units were produced in the respective years.(Show your work.)

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The Answer of Al's Car Wash purchased a piece of equipment on October 1,2008,for $27,000.The equipment has an estimated life of four years or 40,000 units of production and an estimated residual value of $2,000.Compute depreciation for 2008,2009,and 2010 using the following methods: (a)straight-line,(b)production,and (c)double-declining-balance.Assume that the company's fiscal year corresponds to the calendar year and that 3,000,12,000,and 8,000 units were produced in the respective years.(Show your work.)

Al's Car Wash Purchased a Piece of Equipment on October