Hearty Fried Chicken bought equipment on January 2, 2024, for $15,000. The equpment was expected to remain in service for four years and to operate for 3,000 hours At the end of the equipment's useful Ife, Hearty estimates that its residual valuo will be $3,000. The equipment operated for 300 hours the first year, 900 hours the secand year, 1,200 hours the third year, and 600 hours the fourth yoar. Read the reguirements. Requirement 1. Prepare a schedule of depreciation expense, accumulated dopreciation, and book vake per year for the equipment under the three deprecation methoda: straight-line, units-of-production, and double-declining-balance. Show your computations. Noto: Throe depreciation schedules must be prepared. Begin by preparing a depreciation schedule using the straight-line method. 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