Granny's Fried Chicken bought equipment on January 2, 2024, for $42,000. The equipment was expected to...

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Granny's Fried Chicken bought equipment on January 2, 2024, for $42,000. The equipment was expected to remain in service for four years and to operate for 7,200 hours. At the end of the equipment's useful life, Granny's estimates that its residual value will be $6,000. The equipment operated for 720 hours the first year, 2,160 hours the second year, 2,880 hours the third year, and 1,440 hours the fourth year. Straight-Line Depreciation Schedule Depreciation for the Year Date Asset Cost Depreciable Useful Depreciation Accumulated Book Cost Life Expense Depreciation Value 1-2-2024 42000 42000 12-31-2024 36000 + 4 years 9000 9000 33000 12-31-2025 12-31-2026 36000+ 4 years 9000 18000 24000 12-31-2027 36000 + 36000+ 4 years 4 years 9000 9000 27000 36000 15000 6000 Before calculating the units-of-production depreciation schedule, calculate the depreciation expense per unit. Select the formula, then enter the amounts and calculate the depreciation expense per unit. Useful life in units = Depreciation per unit 7200 Cost 42000 Residual value 6000 1.25 Prepare a depreciation schedule using the units-of-production method. Ilnite_of_Droduction Denreciation Schedulo Granny's Fried Chicken bought equipment on January 2, 2024, for $42,000. The equipment was expected to remain in service for four years and to operate for 7,200 hours. At the end of the equipment's useful life, Granny's estimates that its residual value will be $6,000. The equipment operated for 720 hours the first year, 2,160 hours the second year, 2,880 hours the third year, and 1,440 hours the fourth year. Straight-Line Depreciation Schedule Depreciation for the Year Date Asset Cost Depreciable Useful Depreciation Accumulated Book Cost Life Expense Depreciation Value 1-2-2024 42000 42000 12-31-2024 36000 + 4 years 9000 9000 33000 12-31-2025 12-31-2026 36000+ 4 years 9000 18000 24000 12-31-2027 36000 + 36000+ 4 years 4 years 9000 9000 27000 36000 15000 6000 Before calculating the units-of-production depreciation schedule, calculate the depreciation expense per unit. Select the formula, then enter the amounts and calculate the depreciation expense per unit. Useful life in units = Depreciation per unit 7200 Cost 42000 Residual value 6000 1.25 Prepare a depreciation schedule using the units-of-production method. Ilnite_of_Droduction Denreciation Schedulo