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Delicious Fried Chicken bought equipment on January 2, 2024, for $36,000. The equipment was expected to rermain in service for four years and to operafe

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Delicious Fried Chicken bought equipment on January 2, 2024, for $36,000. The equipment was expected to rermain in service for four years and to operafe for 10,000 hours. At the end of the equipment's useful le, Delicious estimates that its residual value will be $6,000. The equipment operated for 1,000 hours the first year, 3 ,000 hours the 50c0nd year, 4,000 hours the third year, and 2,000 hours the fourth year Read the Requirement 1. Prepare a schedule of depreciaton expense acoumulated dopreciaton and book value por year for the equipment under the three dopreciation mathoda. Striight. line, units-of-production, and double-declining-balanco Shov your computations. Note. Three depreciation schedules rituat be precered. Begin by preparing a depreclation schedule uting the straight-fine method

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