Use the following information for the Quick Studies below. $($Algo$)$

$[$The following information applies to the questions displayed below.$]$

Equipment costing $$60,000$ with a $4-$year useful life and an estimated $$10,000$ salvage value is acquired and started operating on January $1.$ The equipment is estimated to produce $5,000$ units of product during its life. It produced $750$ units in the first year.