Granny's Fried Chicken bought equipment on January 2, 2016, for $15,000. The equipment was expected to remain in service for four years and to perform 3,000 fry jobs. At the end of the equipment's useful life, Granny's estimates that its residual value will be $3,000. The equipment performed 300 jobs the first year, 900 the second year, 1.200 the third year, and 600 the fourth year. Requirements 1. Prepare a schedule of depreciation expense, accumulated depreciation, and book value per year for the equipment under the straight-line depreciation method. Show your computations. 2. Which depreciation method covered in this chapter tracks the wear and tear on the equipment most closely? Requirement 1. Prepare a schedule of depreciation expense, accumulated depreciation and book value per year for the equipment under the straight-line depreciation method. Show your computations and fill in the table completely Straight-Line Depreciation Schedule Depreciation for the Year Asset Depreciable Depreciation Depreciation Accumulated Book Date Cost Cost Rate Expense Depreciation Value YUUT THOSE Closely Asset Cost DeprecaLOIT TOT U Depreciable Depreciation COI UH U Tuar Depreciation Expense Cost Accumulated Depreciation Book Value Rate Date 1-2-2016 12-31-2016 12-31-2017 12-31-2018 Choose from any list or enter a number in the nu 4 most closely? 12-31-2017 12-31-2018 12-31-2019 Requirement 2. Which depreciation method covered in this chapter tracks the wear and tear on the equipment most closely? The method tracks wear and tear most closely