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On May 20 , Campbell Compary purchased equipment costing $28,400. The equipment has an estimated...

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Accounting

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On May 20 , Campbell Compary purchased equipment costing $28,400. The equipment has an estimated salvage value of $4,130 and an estimated useful life of 12 years. Campbeli estimates that over lits useful life, the equipment will be used to produce 8,090 units. In the first year, 525 units were produced. In the second year, 764 units were produced. Required: Compute the depreciation expense for the first two years using the units-of-production method

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