Equipment purchased at the beginning of the fiscal year for $60,000 is expected to have a useful life of 5 years, or 1,000 operating hours, and a residual value of $10,000.  Compute the depreciation for the first and second years of use by each of the following methods:   (a) straight-line Year 1   Year 2   (b) units-of-production (200 hours first year; 5000 hours second year) Year 1   Year 2   (c) declining-balance at twice the straight-line rate Year 1   Year 2

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