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Assume a piece of equipment was purchased July 26,2022, at a cost of $80,400. The...

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Accounting

Assume a piece of equipment was purchased July 26,2022, at a cost of $80,400. The estimated residual value is $6,600 with
a useful life of 5 years. Assume a production life of 72,000 units.
a. Compute the depreciation for years 2022 and 2023 using straight-line.
Note: Do not round intermediate calculations.
b. Compute the depreciation for years 2022 and 2023 using units-of-production (in 2022,6,200 units were produced and in
2023,19,200 units were produced).
Note: Round per unit depreciation to 4 decimal places and round all other intermediate calculations and final answers to
the nearest cent.
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