Problem 1 - (9 points) On January 1, 2017, Azul Enterprises paid $400,000 for equipment used to manufacturing auto supplies. Azul Enterprises estimates that the equipment will remain in service for 4 years and have a residual value of $20,000. The equipment is estimated to produce 250,000 units. In year 1, they produced 60,000, year 2 produced 55,000 units, year 3 produced 50,000 units, year 4 produced 45,000 units. Calculate the following amounts. Place your answers in the boxes and SHOW YOUR CALCULATIONS IN THE TABLE BELOW FOR CREDIT Straight Line Units of Production Double Declining Depreciation Expense for 2017 Book Value as of 12/31/18 * HINT: 2018 is the second year of ownership. Siwheline.culations Depreciation expense 12/31/2017: Book value 12/31/18: Locul Depreciation expense 12/31/2017: Book Value 12/31/18 Delicesine.class Depreciation expense 12/31/2017: Book value 12/31/18