16 A business purchased a Machine on 1/1. Equipment (Cost) Residual Value Estimated Useful Life in years Estimated Total Units produced Actual Units produced in year 1 DATA $250,000 25,000 12 125,000 25,000 They use the units of production method to record annual depreciation Which if the following statements is (are) true? SELECT ALL CORRECT ANSWERS, INCORRECT ANSWERS ARE PENALIZED Book Value at the end of the first year equals $200,000 Book Value at the end of the first year equals $205,000. Book Value at the end of the first year equals $180,000 The unit rate for this asset is $2.00 The unit rate for this asset is $1.80 Depreciation expense for the year equals $45,000. Depreciation expense for the year equals $50,000