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Assumes Piece of equipment was purchased July 26. 2015. at a cost of' $72,000 The estimated residual value is $5, 400 with a useful life

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Assumes Piece of equipment was purchased July 26. 2015. at a cost of' $72,000 The estimated residual value is $5, 400 with a useful life of 5 years. assume a production life of 60,000 units. Compute the depreciation for years 2016 and 2016 using straight -line (Do not round calculations) Compute the deprecate for years 2015 and 2016 using units- of- production in 2015, 5.000 units and in 2016. 18,000 units product) (Do not round Intermediate calculations.)

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