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 Annual Production 400 500 450 690 430 100 Yr. 2017 2018 2019 2020 2021 2022 Units of Production Depreciation (round to nearest dollar) Detailed Depreciation Calculation (show your work here) Depreciation Expense Accumulated Depreciation (Cost - Accum. Depr. Book Value 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 Units of Production 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