Golden Fried Chicken bought equipment on January $2,2025,$ for $$27,000.$ The equipment was expected to remain in service for four years and to operate for $2,100$ hours. At the end of the equipment's useful life, Golden Fried Chicken estimates that its residual value will be $$6,000.$ The equipment operated for $210$ hours the first year, $630$ hours the second year, $840$ hours the third year, and $420$ 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

$\backslash$table$[[$Date$,\backslash$table$[[$Asset$],[$Cost$]],$Depreciation for the Year,$\backslash$table$[[$Accumulated$],[$Depreciation$]],\backslash$table$[[$Book$],[$Value$]]],[\backslash$table$[[$Depreciable$],[$Cost$]],\backslash$table$[[$Useful$],[$Life$]],,\backslash$table$[[$Depreciation$],[$Expense$]]],[1-2-2025$