Question 7 (3 points) Assume the following details for equipment that was purchased on January 1, 2019: $785,000 6 years 1,000,000 units Purchase Price: Estimated Useful Life: Estimated Useful Life: Estimated scrap (residual) value: Production in year 1 (2019) Production in year 2 (2020) Production in year 3 (2021) $15,000 90,000 units 75,000 units 62,000 units Required: Answer the following questions in the blank spaces provided below. Blank 1: What is the depreciation expense per unit? (Round this answer to two decimal places, such as $1.23) Blank 2: What is the depreciation expense in 2019? (Round this answer to the nearest whole dollar, such as $1,234 not $1,233.86) Blank 3: What is the depreciation expense in 2020? Blank 1: What is the depreciation expense per unit? (Round this answer to two decimal places, such as $1.23) Blank 2: What is the depreciation expense in 2019? (Round this answer to the nearest whole dollar, such as $1,234 not $1,233.86) Blank 3: What is the depreciation expense in 2020? (Round this answer to the nearest whole dollar, such as $1,234 not $1,233.86) This question is auto-graded. Therefore, you must write your responses in the blanks below as instructed above. Only provide the final answer. Failure to do so will result in your response being graded as incorrect. Blank # 1 Blank # 2 Blank # 3