Golden Fried Chicken bought equipment on January 2, 2018, for $39,000. The equipment was expected to remain in service for four years and to operate for 11,000 hours. At the end of the equipment's useful life, Golden estimates that its residual value will be $6,000. The equipment operated for 1,100 hours the first year, 3,300 hours the second year, 4,400 hours the third year, and 2,200 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 Requirements Date Asset Cost Depreciable Cost Depreciation for the Year Useful Life Depreciation Accumulated Expense Depreciation Book Value 1-2-2018 12-31-2018 12-31-2019 12-31-2020 12-31-2021 Before calculating the units-of-production depreciation schedule, calculate the depreciation expense per unit. Select Prepare a depreciation schedule using the units-of-production method. = Depreciation per unit 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. 2. Which method tracks the wear and tear on the equipment most closely? Print Done