Fields 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 final year of its useful life using the units-of-production method? 24,000 33,750 12,000 4,000 164,000.

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 = \ 20,000- Total Estimated Units = 40,000Substitute these values into the formula: The depreciation cost per unit is \ Therefore, the depreciation expense for the final year (Year 8) using the units-of-production method is .