Genny's Fried Chicken bought equipment on Jenuary 2, 2024, for 315,000 . The equipment wat eupected to remain in service for four yearn and to operate for 4,000 houra. A the end of the equipments usetul ifo, Grann's estimelos that ilt residual value wil be $3,000. The equipment operated for 460 houn the frat year, 1,200 hours the second year, 1,600 hours the third yes, and B00 hourn the fourth year. Read the regurements