Rose Petals Company purchased equipment on January 1 for 180,000 This system has a useful life of 8 years and a salvage value of 20,000 The company estimates that the equipment will produce 40 ,000 units over its 8-year useful life. Actual units produced are:Year 1-4,000 units; Year 2-6,000 units; Year 3 - 8,000 units; Year 4-5,000 units; Year 5-4,000 units; Year 6-5,000 units; Year 7 -7,000 units; Year 8-3,000 units. What would be the depreciation expense for the second year of its useful life using the units-of-production method? (Enter the number without a dollar sign or decimal point). square

To calculate the depreciation expense using the units-of-production method, we first need to determine the depreciation cost per unit. The formula for this is: Given:- Cost of Equipment = - Total Estimated Units Produced = 40,000 unitsSubstitute these values into the formula: The depreciation cost per unit is .Next, calculate the depreciation expense for the second year by multiplying the depreciation cost per unit by the number of units produced in the second year: Given that the units produced in Year 2 are 6,000 units: Therefore, the depreciation expense for the second year is .