At the beginning of 2017, your company buys a $30,000 piece of equipment. It will require $3,500 to ship and install in your current location. We expect to use this machine for 5 years. The equipment has an estimated residual value of 4,000. The company expects to produce a total of 225,000 units. Estimated production is as follows: 45,000 units in 2017, 47,250 units in 2018, 47,250 units in 2019, 47,250 units in 2020 and 38,250 units in 2021. Use the units of production method to prepare a depreciation schedule. Year Annual Depreciation Expense Equipment Cost Accumulated Depreciation Book Value 2017 2018 2019 2020 2021