A business purchased a Machine on 1/1. DATA Equipment (Cost) Residual Value Estimated Useful Life in years Estimated Total Units produced $140,000 20,000 8 114,000 Actual Units produced in year 1 14,000 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 $125,263. The unit rate for this asset is $1.05 The unit rate for this asset is $14,737. Depreciation expense for the year equals $17,193 Book Value at the end of the first year equals $122,807. Book Value at the end of the first year equals $105,263 The unit rate for this asset is $1.23