Crispy Fried Chicken bought equipment on January 2, 2018, for $33,000. The equipment was expected to remain in service for four years and to operate for 6,750 hours. At the end of the equipment's useful life, Crispy estimates that its residual value will be $6,000. The equipment operated for 675 hours the first year, 2,025 hours the second year, 2,700 hours the third year, and 1,350 hours the fourth year. Read the requirements. Straight-Line Depreciation Schedule Depreciation for the Year Asset Depreciable Useful Book Depreciation Expense Accumulated Depreciation Date Cost Cost Life Value 1-2-2018 12-31-2018 12-31-2019 12-31-2020 12-31-2021