Mama's 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 10,000 hours. At the end of the equipment's useful life, Mama's estimates that its residual value will be $6,000. Date Cost Cost Life Expense Depreciation Value $ 1-2-2024 $ 36,000 36,000 12-31-2024 $ 12-31-2025 30,000 + 30,000 - 4 years 7,500 $ 7,500 28,500 4 years 7,500 15,000 21,000 12-31-2026 30,000 + 4 years 7,500 22,500 12-31-2027 30,000 4 years 7,500 30,000 13,500 6,000 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 36,000 $ Residual value 6,000 ) Useful life in units ) 10,000 Prepare a depreciation schedule using the units-of-production method. Units-of-Production Depreciation Schedule $ Depreciation per unit 3 Depreciation for the Year Date 1-2-2024 $ Asset Cost 36,000 Depreciation Per Unit Number of Depreciation Accumulated Book Units Expense Depreciation Value $ 36,000 12-31-2024 12-31-2025 12-31-2026 12-31-2027 3 x 3 x 3 x 3 x 30,000 6,000