Crackling Fried Chicken bought equipment on January 2, 2024, for $42,000. The equipment was expected to remain in service for four years and to operate for 7,200 hours. At the end of the equipment's useful life, Crack estimates that its residual value will be $6,000. The equipment operated for 720 hours the first year, 2,160 hours the second year, 2.880 hours the third year, and 1,440 hours the fourth year. Read the requirements 1-2-2024 S 42,000 $ 42.000 12-31-2024 36.000 4 years = $ 9,000 $ 9,000 33,000 4 years 9,000 18,000 24,000 12-31-2025 12-31-2026 36,000 + 36,000+ 4 years = 27,000 9,000 9,000 15,000 6,000 12-31-2027 36,000 + 4 years = 36,000 Before calculating the units-of-production depreciation schedule, calculate the depreciation expense per unit. Select the formula, then enter the amounts and calculate the depreciation expense per unit. Cost Residual value ). Useful life in units Depreciation per unit ( 42,000 6,000 7,200 $ ($ 5 Prepare a depreciation schedule using the units-of-production method. Screenshot Units-of-Production Depreciation Schedule Depreciation for the Year Asset Depreciation Number of Depreciation Accumulated Date Cost Per Unit Units Expense Depreciation 1-2-2024 42,000 Book Value 12-31-2024 12-31-2025 X 12-31-2026 x 12-31-2027