Mama's Fried Chicken bought equipment on January $2,2024,$ for $$18,000.$ The equipment was expected to remain in service for four years and to operate for $3,750$ hours. At the end of the equipment's useful life, Mama's estimates that its residual value will be $$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.

Prepare a depreciation schedule using the double$-$declining$-$balance $($DDB$)$ method.

$($Enter a $"0"$ for any items with a zero value.$)$

Double$-$Declining$-$Balance Depreciation Schedule

$\backslash$table$[[$Date$,\backslash$table$[[$Asset$],[$Cost$]],$Depreciation for the Year,$\backslash$table$[[$Accumulated$],[$Depreciation$]],\backslash$table$[[$Book$],[$Value$]]],[\backslash$table$[[$Book$],[$Value$]],\backslash$table$[[$DDB$],[$Rate$]],\backslash$table$[[$Depreciation$],[$Expense$]]],[\backslash$table$[[1-2-$