Mama's Fried Chicken bought equipment on January 22,2018 for $15,000.The equipment was expected to remain in service for four years and to operate for 3,000 hours. At the end of the equipment's useful life, Mama's estimates that its residual value will be $3,000. The equipment operated for 300hours the first year, 900 hours the second year, 1,200 hours the third year, and 600 hours the fourth year.

Homework: Chapter 9 Homework Save Score: 0 of 3 pts 2 of 7 (6 complete) HW Score: 41.86%, 4.19 of 10 pts E9-20 (similar to) Question Help Mama's Fried Chicken bought equipment on January 2, 2018, for $15,000. The equipment was expected to remain in service for four years and to operate for 3,000 hours. At the end of the equipment's useful life, Mama's estimates that its residual value will be $3,000. The equipment operated for 300 hours the first year, 900 hours the second year, 1,200 hours the third year, and 600 hours the fourth year Read the requirements Depreciable Asset Useful Depreciation Accumulated Book Depreciation Date Cost Cost Life Expense Value 15,000 15,000 1-2-2018 $ 3,000 $ $ 12,000 3,000 12,000 4 years 12-31-2018 12,000 4 4 12-31-2019 12-31-2020 12-31-2021 Choose from any list or enter any number in the input fields and then click Check Answer. ? parts remaining Clear All Check