Estimating Depreciation Expense and Book Value Equipment costing $120,000, with a scrap value of $20,000 was purchased on January 1, by Global Communications, Inc. The estimated useful life of the equipment was 4 years and it was expected to generate 80,000 finished units of production.

Units actually produced were 14,000 in Year 1 and 20,000 in Year 2.

Required

Complete the following table.

	Depreciation Expense			Net Book Value
Depreciation Method	Year 1	Year 2		Year 1 year-end	Year 2 year-end
Straight-line	Answer	Answer		Answer	Answer
Double-declining-balance	Answer	Answer		Answer	Answer
Units-of-production	Answer	Answer		Answer	Answer