Delicious Fried Chicken bought equipment on January 2, 2018, for $36,000. The equipment was expected to remain in service for four years and to operate for 7,500 hours. At the end of the equipment's useful life, Delicious estimates that its residual value will be $6,000. The equipment operated for 750 hours the first year, 2,250 hours the second year, 3,000 hours the third year, and 1,500 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. Book Value Begin by preparing a depreciation schedule using the straight-line method. Straight-Line Depreciation Schedule Depreciation for the Year Asset Depreciable Useful Depreciation Accumulated Date Cost Cost Life Expense Depreciation 1-2-2018 12-31- 2018 12-31- 2019 12-31- 2020 12-31- 2021 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 unit. Depreciation per unit = Book Value Prepare a depreciation schedule using the units-of-production method. Units-of-Production Depreciation Schedule Depreciation for the Year Asset Depreciation Number of Depreciation Accumulated Date Cost Per Unit Units Expense Depreciation 1-2-2018 12-31- 2018 X 12-31- 2019 12-31- 2020 12-31- 2021 X Prepare a depreciation schedule using the double-declining-balance (DDB) method. (Enter a "0" for any items with a zero value.) Double-Declining-Balance Depreciation Schedule Depreciation for the Year Asset Book DDB Depreciation Accumulated Book Date Cost Value Rate Expense Depreciation Value 1-2-2018 12-31- 2018 12-31- 2019 12-31 - Choose from any list or enter any number in the input fields and then continue to the next