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Straight-Line and Units-of-Production MethodsAssume that Sample Company purchased factory equipment onJanuary 1, 2017, for $70,000. The equipment has an estimated lifeof five years and an estimated residual value of $7,000. Sample'saccountant is considering whether to use the straight-line or theunits-of-production method to depreciate the asset. Because thecompany is beginning a new production process, the equipment willbe used to produce 10,000 units in 2017, but production subsequentto 2017 will increase by 10,000 units each year.Required:1. Calculate the depreciation expense, accumulated depreciation,and book value of the equipment under both methods for each of thefive years of its life. Enter all amounts as positive values.Straight-line method:AnnualAccumulatedBookYearDepreciationDepreciationValue2017$ $ $ 2018 2019 2020 2021 Units-of-production method:AnnualAccumulatedBookYearDepreciationDepreciationValue2017$ $ $ 2018 2019 2020 2021 2. In this exercise, The units of production method results in adepreciation pattern opposite to which depreciation method?