Cracking Fried Chicken bought equipment on January 2 2018 for $27.000. The u nit was expected to remain in service for four years and to operate for 7.000 hours. At the end of the equipmen's useful Cracking estimates that is residual value will be $6.000 The equipment operated for 700 hours the first year 2100 hours the second year 2000 hours the third year, and 1/400 hours the fourth year Read the requirements 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 Depreciable Useful Depreciation Accumulated Book Date Cost Cost wro Expense Depreciation Value 1-2-2018 27000 12-31-2018 21000 4 years 5250 5250 12-31-2019 12-31-2020 5250 15250 Choose from any list or enter any number in the inputs and then continue to the next question 12-31-2010 12-31-2020 12312001 21000 21000 21000 4 years years years 0500 15750 11250 . 5250 2 1000 Before calotting the units-of-production depreciation schedule, calculate the depreciation expense por unit Set the formula then enter the amounts and calculate the depreciation expense per unit H a value Usten years - Depreciation per unit 27000 . 000 5250 Pronare a careerimata un moment o Accumulated Depreciation Book Value Units-of-Production Depreciation Schedule Depreciation for the Year Asset Depreciation Number of Depreciation Date Cost Per Unit Units Expense 1-2-2018 27000 12-31-2018 5250 700 12-31-2019 5250 12-31-2020 5250 x 2800 = 12-31-2021 5250 1400 2100 Prepare a depreciation schedule using the double-declining-balance (DDB) method. (Enter a "O" for any items with a zero value.) Book Value , Double-Declining-Balance Depreciation Schedule Depreciation for the Year Asset Book DDB Depreciation Accumulated Date Cost Value Rate Expense Depreciation 1-2-2018 12-31-2018 12-31-2019 12-31-2020 12-31-2021 Requirement 2. Which method tracks the wear and tear on the equipment most closely? The method tracks wear and tear most closely