On January 1, 2018, HLT company purchased an equipment for $25,000. HLT expects the equipment to remain useful for 8 years and to have a residual value of $3,000. Requirements Prepare a schedule of the first three years depreciation expense, accumulated depreciation, and book value per year for the equipment under the Straight-line methods. Date Asset Cost $25,000 Straight-Line Depreciation Schedule Depreciation for the Year Depreciable Useful Depreciation Accumulated Cost life Expense Depreciation $[1] [2] [3] S[4] $[1] [2] . $[3] S[5] $[1] S[3] 2018 2019 2020 Book Value $[7] $[8] $[9] S[6] Date Accounts and Explanation Debit Credit Jan. 1,2016 Date Accounts and Explanation Debit Credit Jun. 30,2016 Date Accounts and Explanation Debit Credit Dec. 31,2025