Crane Compary purchased equipment on January 1,2025 for $126,000. It is estimated that the equipment will have a $7,000 salvage value at the end of its 5 -year useful tife. It is atso estimated that the equipment wilf produce 140,000 units over its 5 -vear if fC. Answer the following independent questions. (a) Your anower is correct Compute the amount of depreciation expense for the year ended December 31,2025 using the straight-line method of depreciation. Straight-line method 5 peryear If 18,000 units of product are produced in 2025 and 26,000 units are produced in 2026 , what is the book value of the wipment. at December 31,2026? The company uses the units-of-activity depreciation method. Book value at December 31.2026