erate tor 3,750 hours At the end of the equipment's usetul lide, Golden estimates that its residual value will be $3.000 The equnment onereted tor 375 bours the trst veer 1 125 hours the second vear 1 500 bours the third vear apd 750 hours the tourth vear rements Read the Requirement 1 Pre re a schedule of depreciation expense, accumulated deprecietion, 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 prepered Begin by preparing a depreciation schedule using the straight-line method. Straight-Line Depreciation Schedule Depreciation for the Year Asset Depreciable Useful Depreciation Accumulated Book Life Depreciation Date Cost Cost Expense Value 12 2018 12-31-2018 12-31-2019 12-31-2020 2-31-2021 Before calculating the units-of-production depreciation schedule, calculate the depreciation expensep unit Select e formula, then enter the amounts and calculate the depreciation expense per unit Depreciation per unit Golden Fried Chicken boughl equipment on January 2, 2013, for $18,000. The equipment was expected lo remain in service $3.000. The eguipment operated for 375 hours the first yoar, 1,125 hours the second year, 1.500 hours the third year, and 750 hours the fourth year four years and to operale for 3,750 hours. Al the end of the equipments useful life, Golden eslimales lhat ils residual value will be Read the toguirements Units-of-Production Depreciation Schedule Depreciation for the Year Number of Asset Depreciation Depreciation Accumulated Book Units Date Cost 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 th " tor any items with a zero value7 double-declining-balance (DDB) method (Enter a Double-Declining-Balance Depreciation Schedule Depreciation for the Year DDB Asset Book Depreciation Accumulated Book Depreciation Date Cost Value Rate Expense Value 1.2.2018 Golden Fried Chicken bought equipment on January 2, 2018, for $18,000. The equipment was expected to remain in service for four years and to cperate for 3,750 hours. AL the end of the equipment's useful life, Golden estimates that its residual value will be $3.000, The cquipment operated for 375 hours t first year, 1,125 hours the second ycar, 1.500 hours the third year, and 750 hours the fourth year Read the eguiremants 12-31-2020 12-31-2021 Prepare a depreciation schedule using double-declining-balance (DDB) method. (Enter a 0 iterns with a zero value Double-Declining-Balance Depreciation Schedule Depreciation for the Year DDB Depreciation Accumulated Asset Book Book Value Rate Date Cost 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? method tracks wear and tear most closely The
