Question 1 A depreciable asset with a cost of $42,500 has a residual value of $2,500 and a useful life of 8 years. Total estimated units of output are 80,000 and in year 1; 5,200 units were produced. Under the straight-line method and the units-of-activity method the depreciation expense for the first year would be Straight-line Units-of-activity O O $5,000.00 $2,600.00 $5,000.00 $2,762.50 O $5,312.50 $2,600.00 O $5,312.50 $2,762.50 Question Attempts: 0 of 1 used