Papaya, a specialty greeting card company, purchased a photocopier costing $45,000 on January 1, 2017. The equipment is expected to produce a total of 4,000,000 copies over its productive life. Its residual value at the end of its useful life is estimated to be $5,000. The equipment actually produced: Fiscal Year 2017. 2018.. 2019.. 2020.. 2021 ********** Copies Produced 650,000 798,000 424,000 935,000 1,193,000 Calculate depreciation for 2017 through to 2021 using the units-of-production method. Papaya's year-end is December 31.

Papaya, a specialty greeting card company, purchased a photocopier costing $45,000 on January 1,2017. The equipment is expected to produce a total of 4,000,000 copies over its productive life. Its residual value at the end of its useful life is estimated to be $5,000. The equipment actually produced: Calculate depreciation for 2017 through to 2021 using the units-of-production method. Papaya's year-end is December 31