Golden Fried Chicken bought equipment on January 2, 2024, for $36,000. The equipment was expected to remain in service

Golden

Fried Chicken bought equipment on

January

2,

2024,

for

$36,000.

The equipment was expected to remain in service for four years and to operate for

6,000

hours. At the end of the equipment's useful life,

Golden

estimates that its residual value will be

$6,000.

The equipment operated for

600

hours the first year,

1,800

hours the second year,

2,400

hours the third year, and

1,200

hours the fourth year.

for four years and to operate for 6,000 hours. At the end of the equipment's useful life, Golden estimates that its residual value will be $6,000. The equipment operated for 600 hours the first year, 1,800 hours the second year, 2,400 hours the third year, and 1,200 hours the fourth year.