On January 1, Year 1, Courier Inc. purchased new equipment

On January 1, Year 1, Courier Inc. purchased new equipment that had a total cost (including shipping and installation) of $85,000. The equipment is expected to have a useful life of four years or to produce a total of 125,000 units. At the end of its useful life, the equipment is expected to have a residual value of $5,000. The equipment is expected to produce 28,750 units in Year 1; 32,500 units in Year 2; 33,750 units in Year 3; and 30,000 units in Year 4. Courier Inc.’s fiscal year ends December 31.

In the table below, fill in the missing depreciation expense and accumulated depreciation amounts using the straight-line, double-declining-balance, and production methods.