10 2 33 On January 1, 2018, HLT company purchased an equipment for $25,000. HLT expects the equipment to remain useful for 8 years and to have a residual value of $3,000. Requirements Prepare a schedule of the first three years depreciation expense, accumulated depreciation, and book value per year for the equipment under the Straight-line methods. Date Asset Cost $25,000 Straight-Line Depreciation Schedule Depreciation for the Year Depreciable Useful Depreciation Accumulated Cost l ife Expense Depreciation $[1] [2] [3] $[4] S[1] [2] [3] [5] S[1] [2] [3] [6] 2018 2019 2020 Book Value $[7] $[8] [9] H = 6N