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 rounding answers to the nearest dollar 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 rounding answers to the nearest dollar 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