Question: On January 1, 2022, Nyland Company purchased (for $1,500,000) heavy-duty equipment having an estimated activity/usage level of 145,000 units, an estimated useful life of 5 years, and an estimated salvage value of $50,000. Nyland’s actual activity/usage was 17,500 units during 2022, and 22,200 units during 2023. Required: Compute the amount of depreciation expense and the accumulated depreciation balance Nyland would report for both 2022 and 2023 under each of the following depreciation methods (for the declining-balance method, Nyland uses the “double-declining” rate): a. Straight-line method b. Units-of-activity method c. Declining-balance method