How would the assets appeal Ull the balance sheet as of December 31, 2017 3. How would Exercise 8-3 Stra LO5 EXA se 8-3 Straight-Line and Units-of-Production Methods that Sample Company purchased factory equipment on January 1, 2017, for $60,000. ipment has an estimated life of five years and an estimated residual value of $6,000. Sam- ccountant is considering whether to use the straight-line or the units-of-production thod to depreciate the asset. Because the company is beginning a new production process, the pment will be used to produce 10,000 units in 2017, but production subsequent to 2017 will increase by 10,000 units each year. Required Calculate the depreciation expense, accumulated depreciation, and book value of the equipment under both methods for each of the five years of its life. Would the units-of-production method yield reasonable results in this situation? Explain