Delicious Fried Chicken bought equipment on January 2, 2024, for $42,000. The equipment was expected to remain in life, Delicious estimates that its residual value will be $6,000. The equipment operated for 720 hours the first year, 2,16 Read the 000. The equipment was expected to remain in service for four years and to operate for 7.200 hours At the end of the equipment's usefur pment operated for 720 hours the first year, 2,160 hours the second year, 2,880 hours the third year, and 1,440 hours the fourth yeat iequirement 1. Prepare a schedule of depreciation expense, accumulated depreciation and book value per year for the equipmen ouble-declining balance. Show your computations. Note. Three depreciation schedules must be prepared. Begin by preparing a depreciation schedule using the straight-line method. Before calculating the units-of-production depreciation schedule, calculate the depreciation expense per unit Select the f 1++1+=Depreciationpel= Prepare a depreciation schedule using the units-of-production method