Crackiing Fried Chicken bought equipment on January 2,2024 , for $36.000. The equipment was expected to remain in service for four years and to operate for 7,500 At the end of the equipment's useful life, Crackling estimates that its residual value will be 56,000 . The equipment operated for 750 hours the first year, 2.250 hours th -second year, 3,000 hours the third year, and 1,500 hours the fourth year Read the requirements. Requirement 1. Prepare a schedise of depreciation expense, accurnulated depreciation, and book vatue per year for the equipment under the three depreciation meth straight-line, units-of-production, and double-declining-balance Show your computations Note. Three depreciation scriedilos must be preoared Begin by preparing a depreciation schedule using the straight-line method Wequirements 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. 2. Which method tracks the wear and tear on the equipment most closely? Requirements 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. 2. Which method tracks the wear and tear on the equipment most closely