Hearty 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 2,400 hours. At the end of the equipment's useful life, Hearty estimates that its residual value will be $3,000. The equipment operated for 240 hours the first year, 720 hours the second year, 960 hours the third year, and 480 hours the fourth year. Read the requirements. Begin by preparing a depreciation schedule using the straight-line method. Straight-Line Depreciation Schedule Depreciation for the Year Asset Useful Depreciable Depreciation Accumulated Book Date Cost Cost Life Expense Depreciation Value 15000 1-2-2018 12000 / 4 years 12-31-2018 12000 / 4 12-31-2019 years %3D 12-31-2020 12-31-2021