Granny's Fried Chicken bought equipment on January 2, 2018, for $39,000. The equipment was expected to remain in service for four years and to operate for 11,000 hours. At the end of the equipment's useful life, Granny's estimates that its residual value will be $6,000. The equipment operated for 1,100 hours the first year, 3,300 hours the second year, 4,400 hours the third year, and 2,200 hours the fourth year. Read the requirements 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 ) Depreciation per unit Residual value 6,000 Useful life in units 11,000 $ 39,000 ) 3 Prepare a depreciation schedule using the units-of-production method. Book Value Units-of-Production Depreciation Schedule Depreciation for the Year Asset Depreciation Number of Depreciation Accumulated Date Cost Per Unit Units Expense Depreciation 1-2-2018 $ 39,000 12-31-2018 $ 3 x 1,100 $ 3,300 $ 3,300 12-31-2019 3 3,300 = 9,900 13,200 12-31-2020 3 x 13,200 26,400 12-31-2021 3 2.200 = 6,600 $ 39,000 35,700 4.400 = 25,800 12,600 6,000 33,000 Prepare a depreciation schedule using the double-declining-balance (DDB) method. (Enter a "O" for any items with a zero value.) Book Value Double-Declining-Balance Depreciation Schedule Depreciation for the Year Asset Book DDB Depreciation Accumulated Date Cost Value Rate Expense Depreciation 1-2-2018 39000 12-31-2018 2 x (1/4) 19500 195001 12-31-2019 2 x (1/4) 9750 29250 12-31-2020 9750 29250 12-31-2021 0 2950 39000 x 19500 39000 19500 9750 4875 Choose from any list or enter any number in the input fields and then click Check