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Homework: Week Five Exercises Score: 0 of 1 pt E10-20 (similar to) Save HW Score: 56.15%, 5.62 of 10 pts 7 of 10 (6 complete) Question Help Delicious Fried Chicken bought equipment on January 2, 2018, for $36,000. The equipment was expected to remain in service for four years and to operate for 7,500 hours. At the end of the equipment's useful life, Delicious estimates that its residual value will be $6,000. The equipment operated for 750 hours the first year, 2,250 hours the second year, 3,000 hours the third year, and 1,500 hours the fourth year. Read the requirements Begin by preparing a depreciation schedule using the straight-line method Straight-Line Depreciation Schedule Depreciation for the Year Useful Life Asset eciable Cost DepreciationAccumulated Book Expense Depreciation Value Date Cost 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 Which method tracks the wear and tear on the equipment most closely? 1-2-2018 12-31-2018 12-31-2019 12-31-2020 12-31-2021 2. Print Done Choose from any list or enter any number in the input fields and then click Check Answer parts remaining Clear A Check