K Golden Fried Chicken bought equipment on January 2, 2016, for $30,000. The equipment was expected to remain in service for four years and to perform 4,800 fry jobs. At the end of the equipment's useful life, Golden estimates that its residual value will be $6,000. The equipment performed 480 jobs the first year, 1,440 the second year, 1,920 the third year, and 960 the fourth year. Requirements 1. Prepare a schedule of depreciation expense, accumulated depreciation, and book value per year for the equipment under the three depreciation methods. Show your computations. Note: Three depreciation schedules must be prepared. 2. Which method tracks the wear and tear on the equipment most closely? Requirement 1. Prepare a schedule of depreciation expense, accumulated depreciation, and book value per year for the equipment under the three depreciation methods. Show your computations. Note: Three depreciation schedules must be prepared. Begin by preparing a depreciation schedule using the straight-line method. empts 1 of 1 1 of 2 1 of Straight-Line Depreciation Schedule 1 of Depreciation for the Year Asset Depreciable Depreciation Date Cost Cost Rate Depreciation Accumulated Depreciation Expense Book 0 of Value 1-2-2016 12-31-2016 12-31-2017 12-31-2018