Granny's Fried Chicken bought equipment on January $2,2024,$ for $$15,000.$ The equipment was expected to remain

in service for four years and to operate for $4,000$ hours. At the end of the equipment's useful life, Granny's estimates

that its residual value will be $$3,000.$ The equipment operated for $400$ hours the first year, $1,200$ hours the

second year, $1,600$ hours the third year, and $800$ hours the fourth year.