Assume that Sample Company purchased factory equipment on January 1, 2017, for $30,000. The equipment has an estimated life of five years and an estimated residual value of $3,000 Sample'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 production process, the equipment will be used to produce 10,000 units in 2017, but production subsequent to 2017 will increase by 10,000 units each year Required: 1. Calculate the depreciation expense, accumulated depreciation, and book value of the equipment under both methods for each of the five years of its life. Enter all amounts as positive values. Straight-line method: Annual Accumulated Book Year Depreciation Depreciation Value 5,400 5,400 2017 2018 2019 5,400 5,400 5,400 10,800 16,200 21,600 2020 2021 5,400 27,000 Units-of-production methods Annual Depreciation Accumulated Depreciation Year Book Value 2017 2018 2019 2020 2021