Problem: Mama's Fried Chicken bought equipment on January 22, 2018, for $36,000. The equipment was expected to remain in service for four years and to operate for 10,000 hours. At the end of the equipment's useful life, Mama's estimates that its residual value will be $ 6,000. The equipment operated for 1,000 hours the first year, 3,000 hours the second year, 4,000 hours the third year, and 2,000 hours the fourth year.
Prepare a depreciation schedule using the units-of-production method.
Before calculating the units-of-production depreciation schedule, calculate the depreciation expense per unit.
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