Quality Producers acquired factory equipment on 1 January 20X5, costing $156.000 Component parts are not significant and need not be recognized and depreciated separately In view of pending technological developments, it is estimated that the machine will have a resale value upon disposal in four years of $32,000 and that disposal costs will be $2,000. The company has a fiscal year-end that ends on 31 December Data relating to the equipment follow Estimated service life Years Service-hours 20,000 Actual operation data Calendar Year 20X5 20x6 20X7 20x8 Service Hours 5,700 5,000 4,800 4,400 Required: 1. Prepare a depreciation schedule for the asset, using a Straight-line depreciation (Enter your answers as positive values. Round your answers to the nearest dollar.) Depreciation Accumulated Expense Depreciation Net Book Value Year Cost 1 January 20x5 31 December 20X5 31 December 20x6 31 December 20X7 31 December 20X8