Granny's Fried Chicken bought equipment on January 2,2024 , for $36,000. The equipment was expected to remain in service for four years and to operate for 10,000 hours. At the end of the equipments useful lif, Granny's estimates that its residual value will be $6,000. The equipment operated for 1,000 hours the first year, 3,000 hours the second year, 4,000 hours the third yoor. and 2,000 hours the fourth year. Read the Requirement 1. Prepare a schedule of depreciafion 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 deprociation schedules must be propared. Begin by preparing a depreciation schedule using the straightline method. Betore caladafing the units-of production depreciation schodule, calculane the depreciason expense por unk Select the formula, then enter the amounts and caicubate the depreciation expense per unit. Prepare a depreciasion echodule uting the units-of-production method. Units-of-Production Depreciation Schedule Granny's Fried Chicken bought equipment on January 2, 2024, for $36,000. The equipment was erpected to remain in service for four years and to operate for t0,000 hours. At the end of the equipments useful ifl, Grancy's estimates that its residual value wil be $6,000. The equipment cperated for 1,000 hours the first year, 3,000 hours the second year, 4,000 hours the third year, and 2,000 houss the fourth year. Read the Prepare a depreciation scheovie using the doutie-dectining-balance (DOE) method. (Enter a "or for any items with a zero value) Double:Declinine:Balance Deereciation Schedule Requirements 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