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Estimating Depreciation Expense and Book Value Equipment costing $30,000, with a scrap value of $5,000...

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Estimating Depreciation Expense and Book Value Equipment costing $30,000, with a scrap value of $5,000 was purchased on January 1, by Global Communications, Inc. The estimated useful life of the equipment was 4 years and it was expected to generate 80,000 finished units of production. Units actually produced were 14,000 in Year 1 and 20,000 in Year 2. Required Complete the following table. Depreciation Expense Net Book Value Year 2 Depreciation Method Year 1 Year 2 year-end year-end Straight-line Double-declining-balance $ Units-of-production Year 1 $ $ $ $ $ $ $ $ $ $

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