highlight answer please On January 1, 2021, Morrow Inc. purchased a spooler at a cost of $40,000.
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On January 1, 2021, Morrow Inc. purchased a spooler at a cost of $40,000. The equipment is expected to last eight years and have a residual value of $4,000. During its eight-year life, the equipment is expected to produce 250,000 units of product . In 2021 and 2022 42,000 and 76,000 units, respectively, were produced Required: Compute depreciation for 2021 and 2022 and the book value of the spooler at December 31, 2021 and December 31, 2022, assuming the straight-line method is used 2021 2022 Depreciation Book value ![image text in transcribed](https://s3.amazonaws.com/si.experts.images/answers/2024/07/66909f5378652_00366909f5301ca2.jpg)
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