EF10-20 (similar to) Question Help Mama's Fried Chicken bought equipment on January 2, 2024, for $21,000. The equipment was expected to remain in service for four years and to operate for 4,500 hours. At the end of the equipment's useful life, Mama's estimates that its residual value will be $3,000. The equipment operated for 450 hours the first year, 1,350 hours the second year, 1,800 hours the third year, and 900 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. 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 Life Expense Depreciation 0 Book E Cost Value 1-2-2024 12-31-2024 12-31-2025 12-31-2026 12.31.2727 Choose from any list or enter any number in the input fields and then click Check Answer Clear All Check Answer 4 parts remaining o 18