A generator acquired at the beginning of the fiscal year at a cost of $70,000 has an estimated residual value of $6,000 and an of 8 years. The generator is expected to have a useful operating life of 128,000 hours. The generator operated 30,000 hours in year 1, 32,000 hours in year 2, and 34,000 hours in year 3.Determine the following for the 3rd year