Wildhorse Electronics purchased packaging equipment for $780,000 cash on July 1,2022 . Management estimates the equipment can package 1,040,000 inventory units and will be productive for 5 years. Its salvage value is estimated at $65,000. During 2022 , the equipment packaged 169,000 units, with another 182,000 units in 2022. Compute the annual depreciation expense for 2022 and 2023, and book value at December 31, 2023, under the straight-line method. 2022 depreciation 2023 depreciation December 31, 2023 book value $ $ $ eTextbook and Media