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 double - declining - balance method is used For the toolbar , press ALT + F10 ( PC ) or ALT + FN + F10 ( Mac )