On January 1, 2014, Courier Inc. purchased new equipment that had a total cost (including shipping and installation) of $79,000. The equipment is expected to have a useful life of four years or produce a total of 119,000 units. At the end of its life, the equipment is expected to have a residual value of $6,500. The equipment is expected to produce 27,370 units in 2014; 32,130 units in 2015; 33,320 units in 2016; and 26,180 units in 2017. Courier Inc.'s fiscal year ends on December 31. In the table below, fill in the missing depreciation expense and accumulated depreciation amounts using the straight-line, double- declining-balance, and units-of-production methods. Do not round your intermediate calculation. When required, round your answers to the nearest dollar Cost $79,000 Depreciation Expense Accumulated Depreciation Double- Declining- Balance Method Unit-of- Production Straight-line Method Production Double- Declining- Balance Method Straight-line Method Year Method 2014 $ $39,500 $16,675 $18,125 $39,500 $16,675 2015 $18,125 $ $19,575 $59,250 $36.250 2016 $18,125 $9,875 $54,375 $56,550 2017 $18,125 $3,375 $15,950 $72,500 $72,500 Previous Next Check My Work