Crispy Fried Chicken bought equipment on January 2, 2016, for $18,000. The equipment was expected to remain in service for four years and to perform 3.750 fry jobs. At the end of the equipment's useful life. Crispy estimates that ts residual value will be $3,000. The equipment performed 375 jobs the first year, 1,125 the second year, 1.500 the third year, and 750 the fourth year. Requirements 1. Prepare a schedule of depreciation expense, accumulated depreciation, and book value per year for the equipment under the straight line depreciation method. Show your computations. 2. Which depreciation method covered in this chapter tracks the wear and tear on the equipment most closely? Straight-Line Depreciation Schedule Depreciation for the Year Date Asset Cost Depreciable Cost Depreciation Rate Depreciation Accumulated Expense Depreciation Book Value 1-2-2016 18.000 12-31-2016 12-31-2017 12-31-2018 15000 2x(1/4) 15000 2x(1/4) 15000 2x(14) 15000/ 2x (1/4) 12-31-2019 Requirement 2. Which depreciation method covered in this chapter tracks the wear and tear on the equipment most closely? The double-declining-balance method tracks wear and tear most closely