On January $1,2024,$ Hobart Manufacturing Company purchased a drill press at

a cost of $$36,000.$ The drill press is expected to last $10$ years and has a

residual value of $$6,000.$ During its $10-$year life, the equipment is expected to

produce $500,000$ units of product. In $2024$ and $2025,25,000$ and $84,000$

units, respectively, were produced.

Required:

Compute depreciation for $2024$ and $2025$ and the book value of the drill press

on December $31,2024$ and December $31,2025,$ assuming the units$-$of$-$

production method is used.

Note: Round depreciation per unit to $2$ decimal places.