Assume a piece of equipment was purchased July 26, 2016, at a cost of $58,100. The estimated residual value is $5,300 with a useful life of 4 years. Assume a production life of 59,000 units. a. Compute the depreciation for years 2016 and 2017 using straight-line. (Do not round intermediate calculations.) 2016 2017 Depreciation expense $ 5,500 $ 13,200 b. Compute the depreciation for years 2016 and 2017 using units-of-production in 2016, 4,900 units were produced and in 2017, 17,900 units were produced). (Do not round Intermediate calculations. Round your answers to the nearest cent.) Depreciation expense 2016 2017