A depreciable asset with a cost of $42300 has a residual value of $2100 and a useful life of 5 years. Total estimated units of output are 80400 and in year 1 a total of 5300 units were produced.

Under the straight-line method and the units-of-activity method the depreciation expense for the first year would be Straight-line Units-of-activity

$8460.00$8040.00$8460.00$8040.00$2788.44$2650.00$2650.00$2788.44