9 of 10 < > depreciation. (b) Straight-line method $ 16100 per year eTextbook and Media 3.33/10 E Attempts: 1 of 3 used Your answer is incorrect. If 15.400 units of product are produced in 2020 and 22.500 units are produced in 2021, what is the book value of the equipment at December 31, 20217 The company uses the units-of-activity depreciation method. Book valu $ Show Attempt History Current Attempt in Progress Monty Company purchased equipment on January 1, 2020 for $85,000. It is estimated that the equipment will have a $4,500 salvage value at the end of its 5-year useful life. It is also estimated that the equipment will produce 115,000 units over its 5-year life. Answer the following independent questions. (a) Your answer is correct. Compute the amount of depreciation expense for the year ended December 31, 2020, using the straight-line method of depreciation. Straight-line method 16100 per year (b) Your answer is incorrect. If 15,400 units of product are produced in 2020 and 22.500 units are produced in 2021, what is the book value of the equipment at December 31, 2021? The company uses the units-of-activity depreciation method. Book value $ eTextbook and Media Save for Later Last saved 36 minutes ago, Saved work will be auto-submitted on the due dates Auto- submission can take up to 10 minutes Assistance Used Attempts: 2 of 3 used Submit Answer 61F 10:19 PM 10/2022