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Wonder Fried Chicken bought equipment on January 2, 2024, for $30,000. The equipment was expected to remain in service for four years and to operate for 4,800 hours. At the end of the equipment's useful life, Wonder estimates that its residual value will be $6,000. The equipment operated for 480 hours the first year, 1,440 hours the second year, 1,920 hours the third year, and 960 hours the fourth year. 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. Wonder Fried Chicken bought equipment on January 2, 2024, for $30,000. The equipment was expected to remain in service for four years and to operate for 4,800 hours. At the end of the equipment's useful life, Wonder estimates that its residual value will be $6,000. The equipment operated for 480 hours the first year, 1,440 hours the second year, 1,920 hours the third year, and 960 hours the fourth year. Prepare a depreciation schedule using the units-of-production method. Prepare a depreciation schedule using the double-declining-balance (DDB) method. (Enter a "0" for ary items with a zero value.) and to operate for 4,800 hours. At the end of the equipment's useful life, Wonder estimates that its residual value will be S6, 000. The equipment operated for 480 hours the first year, 1,440 hours the second year, 1,920 hours the third year, and 960 hours the fourth year. Prepare a depreciation schedule using the double-declining-balance (DDE) method. (Enter a "O" for any iterns with a zero value.) Double-Declinind-Balance Depreciation Schedule Requirement 2. Which method tracks the wear and tear on the equipment most closely? The method tracks wear and tear most closely