Granny's Fried Chicken bought equipment on January $2,2018,$ for $$39,000.$ The equipment was expected to remain in service for four years and to operate for $11,000$ hours. At the end of the equipment's useful life, Granny's estimates that its residual value will be $$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