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Crispy Fried Chicken bought equipment on January 2, 2018, for $33,000. The equipment was expected to remain in service for four years and to operate

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Crispy Fried Chicken bought equipment 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 equipments neue Crispy estimates that is rival will be 56.000 The equipment operated for 675 hours the first year 2,025 hours the second year 2.700 hours the third year, and 1.350 hours the fourth year Requirement Prepare a schedule of depreciation expense accumulated depreciation and book value per year for the equipment under the the depreciation methods straighine, units of production and double declining balance. Show your computations. Note Three depreciation schedules must be prepared Begin by preparing a depreciation scheduling the gene method Straight Line Depreciation Schedule Depreciation for the Year Asset Depreciable Us Depreciation Accumulated Book De Cel Cos Expense Deprecia 1-2-2018 5 . 750 26350 10 500 Read the rements Before calculating the units of production depreciation schedule, calculate the depreciation expense per unit. Select the formula, then enter the amounts and calculate the depreciation expense per unt Cost Residual value Useful life in units Depreciation per unit 33.000 6.000 6.750 Prepare a depreciation schedule using the units of production method Units-of-Production Depreciation Schedule Crispy Fried Chicken bought equipment on January 2, 2018, for $33,000. The equipment was expected to remain in service for four years that its residual value will be $6,000. The equipment operated for 675 hours the first year, 2,025 hours the second year, 2,700 hours the Read the requirements Units-of-Production Depreciation Schedule Depreciation for the Year Asset Depreciation Number of Depreciation Accumulated Book Date Cost Per Unit Units Expense Depreciation Value 1-2-2018 5 33,000 S 33,000 12-31-2018 675 S 2.700$ 2,700 30,300 12-31-2019 2,025 8.100 10.800 22,200 12-31-2020 2,700= 10,800 21,600 11.400 1231-2021 5,400 27.000 6,000 $ 1,350 Read the requirements 12-31-2021 1.350 = 5,400 27,000 6,000 Prepare a depreciation schedule using the double-declining-balance (DDB) method. (Enter a "o" for any items with a zero value.) Double-Declining-Balance Depreciation Schedule Depreciation for the Year Asset Book DDB Depreciation Accumulated Book Expense Depreciation Value 1-2-2018 33000 12-31-2018 Date Cost Value Rate 12-31-2019 12-31-2020 12-31-2021

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