Ch 9 Quiz Question 1 of 10 View Policies Show Attempt History 03/1 E ! Current Attempt in Progress Splish Brothers Inc. purchased equipment on January 1, 2021 for $171,000. It is estimated that the equipment will have a $9,500 salvage value at the end of its 5-year useful life. It is also estimated that the equipment will produce 190,000 units over its 5-year life. Answer the following independent questions. (a) Your answer is correct. Compute the amount of depreciation expense for the year ended December 31, 2021 using the straight-line method of depreciation. Straight-line method $ 32300 per year (Q) (c) eTextbook and Media Your Answer Correct Answer (Used) Your answer is incorrect. Attempts: 2 of 3 used If 16,000 units of product are produced in 2021 and 24,000 units are produced in 2022, what is the book value of the equipment at December 31, 2022? The company uses the units-of-activity depreciation method. Book value at December 31, 2022 $ 160800 eTextbook and Media Solution Attempts: 3 of 3 used