Golden Fried Chicken bought equipment on January 2, 2024, for $18,000. The equipment was expected to remain in service for four years and to operate for 3,75 hours. At the end of the equipment's useful life, Golden estimates that its residual value will be $3,000. The equipment operated for 375 hours the first year, 1,125 hours the second year, 1,500 hours the third year, and 750 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 Date Asset Cost Depreciable Useful Depreciation Accumulated Book Cost Life Expense Depreciation Value 1-2-2024 S 18,000 18.000 12-31-2024 $ 15,000 4 years 3,750 $ 3,750 14,250 12-31-2025 15,000 4 years 3,750 7,500 10,500 12-31-2026 15,000+ 4 years 3,750 11,250 6,750 12-31-2027 15,000+ 4 years 3,750 15,000 3,000 Before calculating the units-of-production depreciation schedule, calculate the depreciation expense per unit. Select the formula, then enter the amounts and calculate the depreciation expense per unit. Cost 18,000 Residual value 3,000 Prepare a depreciation schedule using the units-of-production method. Units-of-Production Depreciation Schedule Useful life in units 3,750 Depreciation per unit Depreciation for the Year Asset Date Cost Depreciation Per Unit Number of Units Expense Depreciation Depreciation Accumulated Book Value 1-2-2024 12-31-2024 12-31-2025 12-31-2026 12-31-2027 M x