On January 1, 2024, Chao Inc purchases another piece of equipment for $25,000 cash. They expect to use the equipment in operations to generate revenue for five years, over which time they expect to produce 500,000 units. They believe the equipment will have $0 value at the end of its useful life. Using the units of production method what is Chao's depreciation expense per unit produced? Using the Units of Product method and the estimated levels of production below, prepare a depreciation schedule for the Equipment. I Inits of Production Denreciation Schedule