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Golden Fried Chicken bought equipment on January 2 2024, for $18,000. The equipment was expected to remain in service for four years and to operate for 3,750 hours. At the end of the equipment's useful life, Golden estimates that its residual value will be $3,000. The equipment operated for 375 hours the first year, 1,125 hours the second year 1,500 hours the third year, and 750 hours the fourth year, Read the requirements Value Requirement 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. Begin by preparing a depreciation schedule using the straight-line method. Straight-Line Depreciation Schedule Depreciation for the Year Asset Depreciable Useful Depreciation Accumulated Book Date Cost Cost Life Expense Depreciation 1-2-2024 $ 18,000 $ 18.000 12-31-2024 15,000 3,750 $ 3,750 14.250 12-31-2025 15.000 4 years 3.750 7.500 10.500 12-31-2026 15,000 3,750 11,250 6,750 12-31-2027 15.000 3.750 15,000 3,000 Before calculating the units-of-production depreciation schedule, calculate the depreciation expense per unit. Select the formula, then enter the amounts and calculate the depreciation expense per unit Cost Residual value ) Useful life in units = Depreciation per unit 18,000 3,000 4 years 4 years 4 years