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5. A renting company has to report Depreciation schedule for an equipment that they rent on an average 4000 hours per year. The equipment cost

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5. A renting company has to report Depreciation schedule for an equipment that they rent on an average 4000 hours per year. The equipment cost is $250,000 with a max number of hours that they can rent is 22,000 hours to maintain a salvage value of $50,000 after 6 years of operation. What is the Depreciation amount for year 2 and year 6. (Hint: Make a table to calculate the Depreciation Schedule)

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