Assume that Machado Company purchased a CT Scanner on January 1, 2016, for $60,000. The CT Scanner has an estimated life of five years and an estimated residual value of $6,000. Machado's accountant is considering whether to use the straight-line or the units-of-production method to depreciate the asset. Because the company is beginning a new fiscal year, the scanner will be used to run for 10,000 "units" in 2016, but use subsequent to 2016 will increase by 10,000 "units" each year.

Calculate the depreciation expense, accumulated depreciation, and book value of the CT Scanner under both methods for each of the five years of its life. Would the units-of-production method yield reasonable results in this situation? Explain.