January 1, 2024, Hobart Manufacturing Company purchased a drill press at a cost of $36,00 e drill press is expected to last 10 years and has a residual value of $6,000. During its 10-yea e, the equipment is expected to produce 500,000 units of product. In 2024 and 2025, 25,00 d 84,000 units, respectively, were produced. equired: ompute depreciation for 2024 and 2025 and the book value of the drill press on December 3 024 and December 31, 2025, assuming the double-declining-balance method is used. Depreciation 2024 2025

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