Mama's 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 10,000 hours. At the end of the equipment's useful life Mama's estimates that its residual value will be $6,000. The equipment operated for 1000 hours the first year, 3.000 hour the second year, 4.000 hours the third year, and 2.000 hours the fourth year Read the recurenants 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 Book Depreciable Useful Depreciation Accumulated Date Cost Cost Life Expense Depreciation Value 36000 1-2-2018 36000 12:31 2018 30000 4 years 7500 7500 30000 12-31 2019 4 years. 7500 15000 21000 12:31 2020 30000 4 years 7500 22500 14000 12-31 2021 30000- 4 years 97500 30000 7500 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 un Depreciation per unit rom w Units-of-Production Depreciation Schedule us Depreciation for the Year Asset Depreciation Number of Depreciation Accumulated Book mu Date Cost Per Unit Units Expense Depreciation Value 1-2-2018 12:31 2018 DOR Blue 12-31-2019 200 16:50 12-31-2020 12.00 12-31 2021 7502 3 Dan daration schedule using the double-declining balance (DDB) method. (Enter a "for any items with a zero value Double Declining Balance Depreciation Schedule Depreciation for the Year Asset Book DDB Depreciation Accumulated Date Cost Value Rate Expense Depreciation Book Value 1-2 2018 12-31-2018 12-31-2019 30 12-31-2020 12-31 2021 Requirement 2. Which method tracks the wear and tear on the equipment most closely? The method tracks wear and tear most closely