Save Homework: Chapter Ten Homework Score: 0 of 1 pt X E10-20 (similar to) 4 of 10 (7 complete) HW Score: 60%, 6 of 10 pts Question Help 0 Wonder Fried Chicken bought equipment on January 2, 2018, for $36,000. The equipment was expected to remain in service for four years and to operate for 6,000 hours. At the end of the equipment's useful life, Wonder estimates that its residual value will be $6,000. The equipment operated for 600 hours the first year, 1,800 hours the second year, 2,400 hours the third year, and 1,200 hours the fourth year. Read the requirements. Prepare a depreciation schedule using the units-of-production method. Units-of-Production Depreciation Schedule Depreciation for the Year Asset Depreciation Number of Depreciation Date Cost Per Unit Units Expense 1-2-2018 S 36,000 12-31-2018 600 = $ 3,000 12-31-2019 1,800 = 9,000 12-31-2020 2,400 = 12,000 12-31-2021 1,200 = 6000 Accumulated Depreciation S Book Value 36,000 33,000 3,000