Delicious Fried Chicken bought equipment on January 2, 2018, for $15,000. The equipment was expected to remain in service for four years and to operate for 4,000 hours. At the end of the equipment's useful life, Delicious estimates that its residual value will be $3,000. The equipment opcrated for 400 hours the tirst year, 1,200 hours the second year, 1,600 hours the third year, and 800 hours the fourth year. Read the requirements Requirement 1. Prepare a schedule of depreciation expense, accumulated depreciation, and book vatue per year for the eqpment 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 Useful Life AssetDepreciable Depreciation Accumulated Book Expense Depreciation Value Date Cost Cost 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 )1 Prepare a depreciation schedule using the units-of-production method. Delicious Fried Chicken bought equipment on January 2, 2018, for S15,000. The equipment was expected to remain in service for four years and to operate for 4,000 hours. At the end of the equipment's useful life, Delicious estimates that its residual value will be $3,000. The equipment operated for 400 hours the first year, 1,200 hours the second year, 1,600 hours the third year, and 800 hours the fourth year Read the equirements Asset Depreciation Cost Depreciation for the Year Number of Units Depreciation Accumulated Book Date Per Unit Expense Depreciation Value 1-2-2018 12-31-2018 12-31-2019 12-31-2020 12-31-2021 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 DDB Rate Asset Book Depreciation Accumulated Book Date Cost Value Expense Depreciation Value 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