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Company purchases a piece of equipment for $ 6 5 0 , 0 0 0 on May 1 . The expected useful life of the

Company purchases a piece of equipment for $650,000 on May 1. The expected useful life of the equipment is 10 years, and it is expected to produce 100,000 products over its lifetime. If the salvage value is expected to be $50,000, compute (using the Units of Production Method and assuming 9,500 products were produced):
Year 1 depreciation expense.
End of Year 1 accumulated depreciation.
End of Year 1 book value.
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