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Delicious Fried Chicken bought equipment on January 2 2018 for $42.000. The equipment was expected to remain service for four years and to gerate for

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Delicious Fried Chicken bought equipment on January 2 2018 for $42.000. The equipment was expected to remain service for four years and to gerate for 12.000 hours. At the end of the equipments useful le, Delicious estimates that its residual value will be $6.000. The guipment operated for 1.200 hours the first year. 3.600 hours the second year 4,000 hours the third you, and 2,600 hours the fourth year Straight Line Depreciation Schedule i Requirements Asset Cost Depreciation 1. Prepare a schedule of depreciation experts, accumulated depreciation and book value per year for the upent under the tree depreciation methods straigh t of production, and double decling balance Show your computation Note: Three depreciation schechu must be prepared 2 Which method tracks the wear and tear on the equip m ent closely? 1.2.2018 12-31 2018 1231 2019 12-31 2020 12-31 2023 Print Done

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