Hardy HarHar purchases a new equipment with a cost of $55,000 on March 1, 2020.  They estimate the equipment will have a salvage value of $5,000 at the end of its estimated useful life of 5 years and plans to use the units of production depreciation method. The company expects the equipment will be able to produce 125,000 units over its useful life.  During 2020 the equipment produces 20,000 units.  What is depreciation expense for 2020?   Group of answer choices $8,333 $8,000 $6,667 $10,000

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