Depreciation Methods Equipment Purchase Cost Estimated Salvage/Residual Value @ Disposal Estimated Useful Life in Years Estimated Total Production in Machine Hours Date of Purchase Date of Disposal $53,000 $3,000 5 2,500 1/2/2017 3/27/2022 Straight-line Depreciation (round to nearest dollar) Cost - Accum. Depr. Book Value Detailed Depreciation Calculation (show your work here) Depreciation Expense Accumulated Depreciation Date 1/2/2017 12/31/2017 12/31/2018 12/31/2019 12/31/2020 12/31/2021 12/31/2022 Totals General Journal Straight-line Depreciation Entries Account Names Debit Credit Date 1/2/2017 12/31/2017 12/31/2018 12/31/2019 12/31/2020 12/31/2021 12/31/2022