At the beginning of 2017, your company buys a $28,800 piece of equipment that it expects to use for 4 years. The equipment has an estimated residual value of 4,000. The company expects to produce a total of 200,000 units. Actual production is as follows: 46,000 units in 2017, 52,000 units in 2018, 47,000 units in 2019, and 55,000 units in 2020.

Required:

1. Determine the depreciable cost.
2. Calculate the depreciation expense per year under the straight-line method.
3. Use the straight-line method to prepare a depreciation schedule.
4. Calculate the depreciation rate per unit under the units-of-production method.
5. Use the units-of-production method to prepare a depreciation schedule.

Required A Required B Required C Required D Required E Determine the depreciable cost. Depreciable Cost Required A Required B Required C Required D Required E Calculate the depreciation expense per year under the straight-line method. Depreciation Expense Per Year Required A Required B Required C Required D Required E Use the straight-line method to prepare a depreciation schedule. Year Depreciation Accumulated Expense Depreciation Net Book Value Acquisition Cost 2017 2018 2019 2020 Required A Required B Required C Required D Required E Calculate the depreciation rate per unit under the units-of-production method. (Round your answer to 2 Depreciation Rate Per Unit Required A Required B Required C Required D Required E Use the units-of-production method to prepare a depreciation schedule. (Do not rour Year Depreciation Accumulated Expense Depreciation Net Book Value Acquisition Cost 2017 2018 2019 2020