Question 1 2.5 pts On Jan 1, 2020, Elway Inc purchases a piece of equipment for $55,000. The equipment has a $3,000 salvage value and a useful life of 4 years or 130,000 units of production. Complete the depreciation schedule using the Units of Production method and the units produced each year indicated below. Units Year produced 1 35,000 2 33,000 3 40,000 4 22,000 Beginning book value Annual Depreciation Ending Book Value