Assign Granny's Fried Chicken bought equipment on January 2, 2024, for $18,000. The equipment was expected to remain in service for four years and to operate for 3,000 hours. At the end of the equipment's useful life, Granny's estimates that its residual value will be $3,000. The equipment operated for 300 hours the first year, 900 hours Assign the second year, 1,200 hours the third year, and 600 hours the fourth year. Read the requirements C Requirement 1. Prepare a schedule of depreciation expense, accumulated depreciation, and book value per year for the equipment under the three depreciation methods: straight-line, units-of-production, and double-declining-balance. Show your computations. Note: Three depreciation schedules must be prepared. Begin by preparing a depreciation schedule using the straight-line method. Straight-Line Depreciation Schedule Depreciation for the Year Asset H Date Cost Depreciable Cost Useful Life Depreciation Accumulated Expense Depreciation Book Value 1-2-2024 12-31-2024 12-31-2025 12-31-2026 12-31-2027 8 quest 7 quest