Golden Fried Chickan bought equipment on Jamary 2, 2024, for $42,000. The equipment was expocted to remain in service for four years and to operate for 7.200 hours. At the end of the equipmenfs useful ide, Golden estimates that its residual value will be $6,000. The equipment operated for 720 hours the first year, 2,160 hours the second year, 2,680 hours the third year, and 1,440 hours the fourth year. Read the teouizements- Requirement 1. Prepare a schedule of depreciation expense, accumulated depreciation, and book value per year for the equipment under the three depreciation methods: straight-tine, units-of production, and double-declining-balance. Sthow your computations. Note: Throe deprociation schedules must be prepared Begin by preparing a depreciajion schedule using the straight-line method. Straintht Line Deareciation Sechnotule Requirements 1. Prepare a schedile of deprociation expense, accumiulatod depreciation, and thook value per year for the equipment under the throe depreciation methods: straghtl-line, unts-of-production, and double-declining-balance. Show your computations. Note. Throe dopreciation schedules must be preparred. 2. Which method tracks the woar and tear on the equipment most closely