Mama's Fried Chicken bought equipment on January 2, 2010, for $15,000. The equipment was expected to remain in service 4 years and to perform 3,000 fry jobs. At the end of the equipment's useful life, Mamas estimates that its residual value will be $3,000. The equipment performed 300 jobs the first year, 900 the second year 1, 200 the third, and 600 the fourth year