Coy Food Chicken brought equpment on January 2, 2018, for $33,000. The equipment was expected to remain in service for four years and to operate for 6.750 hours. At the end of the equipment's see, Crispy estimates that is real value will be 56.000 Thement operated for 675 hours the first yow, 2,005 rows the second yes, 2.700 hours the thurd year and 1.350 hours the fourth year Requirement 1. Prepare a schedule of depreciation expertise, accumulated depreciation and book vake year for the end the depreciation methods straightints of production and double declining balance. Show your computations. Note: The depreciation schedules must be prepared Begin by preparing a depreciation schede using the stage line method Straight Line Depreciation Schedule Depreciation for the Year As Depreciable Depreciation Accumulated Cou Le Depreciation Value 33.000 5 27 000 6750 27 000 790 13500 27.000 20250 12.750 Read the requirements 4 years 12-31-2020 12-31 2021 27.000 27.000 6.750 6.750 20.250 27.000 12.750 6,000 4 years Before calculating the units of production depreciation schedule, calculate the depreciation expensent Stect the formula then enter the amounts and calculate the depreciation persepert Cost Residual value Useful Wein units Depreciation per un 33.000 6.000 ) 6.750 Prepare a depreciation schedule using the units of production method Prepare a depreciation schedule using the units-of-production method. Units-of-Production Depreciation Schedule Depreciation for the Year Asset Depreciation Number of Depreciation Date Cost Per Unit Units Expense 1-2-2018 12-31-2018 Book Accumulated Depreciation Value X X 12-31-2019 12-31-2020 X 12-31-2021