Question: Please given correct answer for General accounting question I need step by step explanation SkyTech Company purchased a piece of equipment for $60,000 on January

Please given correct answer for General accounting question I need step by step explanation

SkyTech Company purchased a piece of equipment for $60,000 on January 1, 2012. The company estimates that the equipment will have a useful life of 10 years and a $5,000 residual value. The equipment is expected to produce 250,000 units during its useful life. The actual production during the years 2012, 2013, and 2014 were 25,000 units, 30,000 units, and 35,000 units, respectively. Using the straight-line method, what is the book value at December 31, 2013

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