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Help Save & Exit Subm Assume a piece of equipment was purchased July 2 6 , 2 0 2 2 , at a cost of

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Assume a piece of equipment was purchased July 26,2022, at a cost of $72,000. The estimated residual value is $5,400 with a useful life of 5 years. Assume a production life of 60,000 units.
a. Compute the depreciation for years 2022 and 2023 using straight-line.
Note: Do not round intermediate calculations.
\table[[,\table[[Depreciation],[expense]]],[2022,],[2023,]]
b. Compute the depreciation for years 2022 and 2023 using units-of-production (in 2022,5,000 units were produced and in 2023,18,000 units were produced).
Note: Do not round intermediate calculations.
\table[[,\table[[Depreciation],[expense]]],[2022,],[2023,]]
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