Granny's Fried Chicken bought equipment on Janwary 2, 2024, for $15,000. The equipment was expected to remain in service for four years and to operate for 4,000 hours. At the end of the equipments usehul ife, Granny's estmales that its residual value will be $3,000. The equpment operated for 400 houn the frst year, 1,200 hours the socond year, 1,600 hours the third yeac, 800 hours the fourth year. Requirements Requirement 1. Prepa line, units-ol-production pent under the throe depreciation methods: straight. 1. Prepore a schedule of deprociabon expense, accumulated depreciabion, and Begin by peeparing a de book value per year for the equipment under the ftroe depreciation meethods: stright-ine, units-ol-producton, and double-declining-belance. Show your Straight-Lile Depreci computalions. Nole: Three depreciation schediles mus be prepared 2. Which mechod tracks the woar and tear on the equipment most closely? Lerwerph 800 hours the fourth yew. Read the recurements Requlremeot 1. Prepse a schedule of dopeciabion expense, aceuruladed dopreciation, and book value per year for the equipment under the three depreciation methods: atraghtRine, units-ef-production, and double-dedining balance. Show your corrpulations: Note: Thre depreciabion achedulon muat be prepared. Bogin ty preganing a depreciation schedule uning the straightstre method