Calculate the amount of depreciation expense to report for the years ended December 31, 2018 and December

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Calculate the amount of depreciation expense to report for the years ended December 31, 2018 and December 31, 2019 for equipment purchased on July 1, 2018 for $26,000. The Equipment has a salvage value of $2,000 and an estimated useful life of 4 years or 24,000 hours. Assume the equipment was used for 2,000 hours from July 1, 2018 to December 31, 2018 and 7,000 hours in 2019. . Assume the company uses the unit of production method.

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Calculate the amount of depreciation expense to report for the years ended December 31, 2018 and December

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