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Question 23 (4 points) Equipment was purchased on January 1, 2022, for $190,000. It is estimated to have a $5,000 salvage value and will
Question 23 (4 points) Equipment was purchased on January 1, 2022, for $190,000. It is estimated to have a $5,000 salvage value and will produce an estimated 200,000 units over its 5-year useful life. In 2022, 60,000 units were produced. Depreciation is calculated using the units-of-activity method. Calculate depreciation expense for 2022. (Round to two decimal places) In the first space show your calculations. (2 points) In the second space show your answer. (Depreciation expense for 2022) (2 points) Blank # 1 Blank # 2
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